Biden Would Not Act Immediately To Remove Phase 1 Agreement With...
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Dec 2 (Reuters) - U.S. President-elect Joe Biden will not immediately act to remove the Phase 1 trade agreement President Donald Trump inked with China, kynghidongduong.vn the New York Times website reported on Wednesday.
In an interview with a Times columnist, tour shangrila Biden said he would not act immediately to remove the 25% tariffs that Trump imposed on about half of China's exports to the U.S.
Under the agreement, China agreed to increase purchases of American products and services by at least $200 billion over 2020 and 2021.
(Reporting by Aakriti Bhalla in Bengaluru; Editing by Christian Schmollinger)
