Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

U.S. Chamber expects high-level Chinese visit early in Biden administration

Published 01/13/2021, 02:46 PM
Updated 01/13/2021, 03:40 PM
© Reuters. FILE PHOTO: U.S and China trade talks in Beijing

© Reuters. FILE PHOTO: U.S and China trade talks in Beijing

By Andrea Shalal

WASHINGTON (Reuters) - The U.S. Chamber of Commerce sees "every indication" that a high-ranking delegation of Chinese officials will visit Washington early in the administration of President-elect Joe Biden, a top Chamber official said on Wednesday.

Myron Brilliant, head of international affairs for the business group, told reporters such a visit could help lay the groundwork for improved U.S.-China relations and progress toward an expanded trade agreement.

"There are some challenges that we have to overcome in the relationship, and it's not going to be a straight line. It's going to be a bumpy road ahead," he said.

Brilliant gave no details and said he would not speculate on a possible date for the visit.

He said the Chamber would urge Biden and his top trade officials to offer some immediate relief to U.S. companies and farmers from nearly $400 billion in tariffs imposed on imports from China and elsewhere by the Trump administration, especially given the need to bolster the U.S. economy.

"We need to see both sides send early signs (and take) positive steps to defuse the growing tensions in the relationship," he said, adding that Chinese officials and people in the incoming administration understood the need to find some common ground on global issues, including climate change.

"Every indication is that there will a high-level visit early in the administration," he said, adding that the Chamber would continue pressing for structural reform and increased accountability by China.

A Biden transition team spokesman declined to comment on the prospects for a high-level visit by Chinese officials.

Brilliant said he expected the Biden administration to move rapidly to settle a long-standing dispute with the European Union over aircraft subsidies - which could trigger removal of tariffs hurting both sides - as it sought to rebuild relations with Europe.

© Reuters. FILE PHOTO: U.S and China trade talks in Beijing

Brilliant said the Chamber would also object to any moves by the Trump administration to impose additional tariffs in the final days before Biden's Jan. 20 inauguration.

Latest comments

This literally only spells sellout, what a putz
Biden already puckering those lips up!
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.