Take it for what it's worth

Biden and Xi

The race within the election race is to sound tougher on China. The trade war has been a propaganda exercise in turning public opinion against China and that genie has undoubtedly left the bottle.

So I'm not sure that comments from Antony Blinken, the campaign's senior foreign-policy adviser, are necessarily telling on what will happen but here's what he's saying today:

  • Biden would use tariffs in aggressively enforcing US trade laws if elected
  • US-China Phase 1 trade deal has been "a debacle", doesn't address systemic issues
  • Would work with allies to set technology standards
  • Decoupling is unrealistic
  • Important to end artificial trade war with Europe and improve relations
  • Persistent EU-US imbalance in agricultural trade 'is an objective problem'