The Biden administration will probably maintain many of the existing U.S. tariffs on China, ushering in a lengthy period of restrictions that will likely prompt businesses to consider shifting their supply chains and operations outside China. While President-elect Joe Biden says he intends to review the tariffs U.S. President Donald Trump placed on China, he has said he will not make any "immediate moves" regarding them. Nevertheless, as the phase one trade deal between the U.S. and China winds down and concludes in 2021 and China continues to remain far behind committed levels of purchases, the Biden administration is not likely to add significantly more tariffs on China to those already existing....
