Thursday 8th January 2026

Iowa State University Economist Wendong Zhang says he believes tariffs on China will remain in place under a Biden Administration.

“I want to lower your expectations on potential tariff rollbacks…that will likely be less important than rollout of the COVID-19 vaccines, thinking about how to re-jumpstart the global economy, and even the Paris Accord for climate change probably becomes more important issues than thinking about trade policies,” he says.

He says it’s unlikely the US will renegotiate the phase one trade agreement with China soon.

    

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