The foreign economic policies of the former US administration did not prove effective in reducing the US trade deficit or boosting its manufacturing industries. The inauguration of President Joe Biden may bring some changes, but the policy priorities of the United States relating to economic growth, manufacturing industries and employment may not change in the short term. The US may continue to view China as a strategic competitor.
The appointment of Kurt Campbell as the coordinator for the Indo-Pacific at the White House National Security Council and Katherine Tai as the US trade representative indicates that China-US relations will in all likelihood become more complicated and are unlikely to thaw any time soon. However, new policies that have been adopted by the Biden administration can still help stabilize China-US economic and trade relations.
Limited time offer:
Just RM5 per month.
