China Tariffs

It has been almost a year since global health officials heard word that a new coronavirus, officially termed COVID-19, had emanated from the Chinese city of Wuhan. And while much of the world is grappling with crippled economies and the second wave of infections and deaths, analysts and economists project that Beijing is already standing to gain from the devastation long before the dust has settled.

President-elect Joe Biden says a major priority of his once he enters office is to get the U.S. “back on the same page with our allies,” but is assuming one aspect of President Trump’s “America First” strategy when it comes to China.

Biden said he wants to conduct a full review of the existing agreement with China before making any decisions and consult with America's traditional Asian and European allies to "develop a coherent strategy."

Former State Department official Christian Whiton is concerned that a Biden administration will “cave in hard and fast” to a “very different China.”

While Mr. Biden hasn't detailed his specific plans, aides and advisers say he is expected to review those levies. And like President Trump, he will largely be able to act without the need for Congressional support.

Many farmers are throwing their support to President Trump -- despite being squeezed by the trade war and the ongoing coronavirus pandemic.