President Donald Trump’s trade tariffs have created “leverage” that the incoming Biden administration could use to get the outcomes it wants on the international stage, said former top White House trade negotiator Clete Willems. Trump imposed elevated tariffs on major trading partners such as China, Canada and the European Union for what he said were unfair practices that disadvantaged American companies. Several trade experts have said that President-elect Joe Biden will likely favor working with allies over imposing punitive tariffs to settle international disputes. But some experts have said Biden may not remove tariffs that Trump has imposed. “Whether you love the tariffs or hate the tariffs, they have created leverage for United States.

Source: The Standard November 25, 2020 07:52 UTC