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US President elect Joe Biden important statement over relations with China

US President elect Joe Biden important statement over relations with China

WASHINGTON: Joe Biden will not immediately cancel the Phase 1 tradeagreement that President Donald Trump struck with China nor take steps toremove tariffs on Chinese exports, the New York Times on Wednesday quotedthe US president-elect as saying.

In an interview with Times columnist Thomas Friedman that gave clues to howthe new administration will proceed on foreign policy, Biden said his toppriority was getting a generous stimulus package through Congress, evenbefore he takes power.

This week Reuters reported that Trump was eyeing more steps to box Bideninto hardline positions on Beijing, backed by the anti-China sentiment inCongress that has often unnerved financial markets in the past four years.