BIDEN’S STANCE ON CHINA, TRADE & TARIFFS

China recently signed the world’s largest trade deal with 14 Asia-Pacific countries, called the Regional Comprehensive Economic Partnership, which excludes the United States. Some of the members of the China-led agreement were part of the U.S. negotiated TPP.

Under the phase-one deal, China agreed to purchase $200 billion worth of U.S. goods and services through 2021. China also agreed to develop an action plan to strengthen intellectual property protection and end forced technology transfers.