News Analysis Former President Donald Trump’s tariffs and sanctions had the Chinese economy on the ropes. The new administration is enforcing these tariffs and restrictions. In the first 10 months in office, the Biden administration has banned imports of some materials from Xinjiang and sanctioned Beijing over human rights abuses in the region, supported NATO in shifting its focus to China, declared the Chinese regime a global security threat, expanded Trump-era bans on American investment in Chinese companies, blocked 59 Chinese firms with alleged ties to China’s defense sector, moved against Chinese telecom firms over national security concerns, and it seems that more is on the way. U.S. Secretary of the Treasury Janet Yellen said the Trump-era tariffs stay for now; meanwhile, U.S. Trade Representative Katherine Tai may be launching a Section 301 investigation into China, which could result in more tariffs. When the tariffs were originally imposed by the Trump administration, …
US Tariffs and Trade Restrictions Biting the Chinese Economy
October 19, 2021
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AnalysisChinaChina Business & EconomyChinese economyOpinionThinking About Chinaus tariffsUS-China relationsUS-China trade deficit
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