The newly elected US president Joe Biden will reset some of Trump’s policies, like on the climate, but economist Arthur Kroeber says Biden will follow his predecessor on China, he tells in Bloomberg.
Anyone hoping for a full reset of Trump’s tariffs or technology restrictions will likely be disappointed as Biden will recalibrate rather than rip up those policies, according to Arthur Kroeber, a veteran watcher of China’s economy and a founding partner at research firm Gavekal Dragonomics.
“President-elect Joe Biden has pledged to ‘restore’ the U.S., implicitly to its pre-Trump state,” Kroeber wrote in a note. “This will not be possible for China policy.”
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