Tariffs and supply chain woes will take a backseat when President Joe Biden holds a virtual summit with Chinese President Xi Jinping Monday.
Two issues that dominate the U.S.-China economic relationship, tariffs and supply chain woes, will take a backseat Monday to more pressing security concerns when President Joe Biden holds a virtual summit with Chinese President Xi Jinping.
"I do not expect tariffs to be something that will be on the agenda for tomorrow night," a senior Biden administration official told reporters on Sunday during a background briefing on the highly anticipated video call. Still, convincing the United States to lift the tariffs imposed by former President Donald Trump on approximately $370 billion worth of Chinese-made goods is a major policy priority for Beijing.
Business leaders are also likely to be surprised that Biden and Xi don't plan to dedicate a significant amount of time to the unprecedented global supply chain disruption, which has its roots in the Covid-19 pandemic butThe senior aide said the meeting would likely last "several hours," and that Biden and Xi would speak through interpreters, but refused to say who would be attending with the president, or how the "summit" would be structured.
"Our policy [towards Taiwan] has been consistent and remains consistent and I expect the president to reaffirm that," the official said.
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