Markets Tech Media Success Perspectives Videos Edition

MARKETS see all FEATURED LATEST

DOW 30 996,98 -179.03 -0.57% Track the Covid economy Rotting fish, lost business and piles of red tape. The reality of Brexit hits Britain
S&P 500 3841,47 -11.60 -0.30% See how drastically everyday life in
America has changed since the Amazon is pushing for a milestone union vote to take place in person despite the pandemic
NASDAQ 13 543,06 +12.15 +0.09% start of the pandemic.
Incoming CEO wants Intel to again be the 'unquestioned leader' in industry

The China trade war is one thing Joe Biden won't be rushing to fix
Analysis by Jill Disis, CNN Business
Updated 1729 GMT (0129 HKT) January 21, 2021 

TOP STORIES

Florida firefighter is arrested after

photo showed him pointing at a…

Ivanka Trump and Jared Kushner

face new cold post-insurrection…

Recommended by

 
Advertisement
 01:12  05:08  02:42  01:58 
How Biden wants to help Ex-Trump official who Biden signs executive Biden revokes Keystone Man
the economy supports Biden stimulus order to promote $15 XL pipeline permit con
MORE FROM CNN BUSINESS
plan speaks out federal minimum wage abo
elec
losi

Hong Kong (CNN Business) — US President Joe Biden is inheriting a tense and messy relationship
with China from his predecessor. Trump supporter Jared Kushner
asked how he'd feel if intervened when other
From a grueling trade war to a slew of sanctions on the country's most prominent tech he found out Trump… aides tried to get…
companies, the Trump administration spent the bulk of the last four years piling pressure on the
United States' biggest economic rival. Things only became more heated in recent weeks as
Washington slapped additional restrictions on Chinese business and investment.
Federal government Security unlikely to
Biden will strike a more predictable and diplomatic tone than former President Donald Trump. executes the first return to pre-riot form
woman in nearly 70… in a…
But analysts say that the new administration isn't likely to ease up on Beijing too much when it
comes to tech and trade.

"It is di cult to see a US reversal of the recent hawkish PAID CONTENT BY

trends in China policy, given the increasingly negative

views on China in the US," Sylvia Sheng, a global
strategist at JP Morgan Asset Management, wrote in a
research note this week.

Biden's cabinet nominees are already starting to bolster

Related Article: Biden pledges America will that view. Janet Yellen, his pick to lead the Treasury
'engage with the world once again'
Department, promised Tuesday to take on China's
Waarom is uw pc zo traag? De reden is
"abusive, unfair and illegal practices." schokkend!
pchelpsoft.net
"China is undercutting American companies by dumping products, erecting trade barriers, and
giving away subsidies to corporations," she told the Senate Finance Committee, echoing some
of the Trump administration's biggest criticisms of the world's second largest economy.

[Foto's] De
aluminiumfolie trucs
A multilateral approach on trade die iedereen zou
moeten kennen
The Trump administration agreed to what was billed as a "truce" with Beijing in early 2020, xfreehub
almost two years after starting the trade war by slapping heavy tari s on Chinese goods. As part
Niet-verkochte
elektrische auto's
worden verkocht voor
een fractie van hun
waarde
Hybride | Gesponsorde

of that deal, the two countries agreed to reduce some tari s and allow Beijing to avoid additional Advertenties

taxes on almost $160 billion of the country's goods. China also agreed to purchase $200 billion
MORE FROM CNN BUSINESS
worth of US products over the next couple of years.

That agreement hasn't exactly played out as intended. As of November, China was on pace to
purchase only about half of that amount, according to an analysis from the Peterson Institute for
International Economics.
Bidens quickly fire Analysis: Donald
There are plenty of other loose ends, too. Trump never White House chief Trump has a money
usher installed by… problem
resolved some of Washington's biggest complaints
about Beijing, including its favoritism for state-owned
enterprises and his accusation that the country steals
US technology. (Chinese o cials have repeatedly
Ivanka Trump and Judge Jeanine lobbied
denied such allegations and argued that any tech Jared Kushner move Trump during his last
secrets handed over by American companies were part out of DC and lease… few hours in o ce…
Related Article: China is winning the trade
war and its exports have never been higher of agreed deals.)

"It might be tempting to go back to the good old days

and just tie back together those frayed trade links," wrote Roger Kay, a tech analyst at Endpoint
Technologies, in a report this week. But the US-China relationship was "one-sided," he added,
pointing out that Beijing has often demanded American companies partner with Chinese ones
and hand over large stakes in their operations, among other requirements.

While removing tari s on Chinese goods likely won't be a big priority for Biden, several experts —
and Yellen herself — said the new administration will want to make better use of its major
alliances to craft a more predictable trade strategy. It's hard, for example, to see Biden attacking
Washington's longtime European allies the way Trump did.

Biden "continues to say he wants to approach China via a coalition of other democracies, and
that will take time to build," said William Reinsch, a trade expert at the Center for Strategic and
International Studies who served for 15 years as president of the National Foreign Trade Council.
"The [China] relationship is too important to ignore, but I don't see him rushing into anything."

Navigating tech tensions

Biden will also have to navigate escalating tensions in technology and business. Those likely
aren't going to subside, given bipartisan support for the view that China poses a major threat to
US national security.
Advertisement
After targeting telecoms equipment maker Huawei and social media platform TikTok, Trump
ratcheted up the pressure on China as his term wound down. During its last few weeks, his
administration imposed a series of harsh penalties on Chinese companies that will make it hard
for Biden to easily reset relations, even if he wanted to.

Chipmaker SMIC (SMICY), smartphone maker Xiaomi

Related Article: China is winning the trade
war and its exports have never been higher
and a handful of other firms have been banned from
accepting American investment, for example. And the
New York Stock Exchange recently halted trading in
three big Chinese telecom companies and several
other firms to comply with the investment ban, which
applies to companies that Washington deems to be
a liated with or supportive of the Chinese military.

Some of Trump's recent actions — including an order

that would ban US transactions with some Chinese apps — were not fully implemented during
his time in o ce. Others, including his attempts to ban TikTok and Tencent's (TCEHY) WeChat
app, have been tied up in court. It's not clear whether Biden will try to see those measures
through.

But "even if there is a return to measured language and diplomacy, we could see more strategic
decoupling from Chinese digital companies" under Biden, Alex Capri, a research fellow at Hinrich
Foundation and a visiting senior fellow at National University of Singapore, told CNN Business last
week. He pointed to the possibility that Alibaba's (BABA) cloud services could face the kind of
global backlash that Huawei's 5G business has run into.

Some experts are more optimistic about how Biden

might proceed.

"We expect Biden's team to focus on domestic issues,"

Je eries analysts wrote in a Wednesday research note.
"Although Biden's cabinet candidates have talked
tough on China, we believe his strategy would be more
Related Article: Alibaba is facing an consensual and less disruptive to financial markets."
'existential crisis'
But others maintain that the prospect of worsening US-
China tensions still exist. The consultancy Eurasia
Group sees US-China tensions as one of the biggest risks of 2021, adding that Biden will likely
enlist allies from the European Union, Japan and India to push back on China.

"The new administration will have some successes — suspicion of China is broadly growing,"
wrote Eurasia Group President Ian Bremmer and Chairman Cli Kupchan in a report this month.

PA I D C O N T E N T

5 Big Myths of AI and Machine Het auto-abonnement van Volvo.

Learning Debunked 30 dagen op proef. Zonder extra…
Sponsored: Splunk Sponsored: Care by Volvo

De uurtarieven van advocaten voor [Pics] We Bet These Grooms Were

2021 zullen u wellicht verbazen Surprised To See Their Bride's…
Sponsored: Vind advocaat | Search Ads Sponsored: Constative

Infrastructure Monitoring 101: The Do this Immediately if You Have Doctor: if You Have Tinnitus (Ear
Power to Predict and Prevent Enlarged Prostrate (Watch) Ringing) Do This Immediately!
Sponsored: Splunk Sponsored: healthtrend.live Sponsored: discover-healthy-body.net

Fired Florida data scientist Shep Smith breaks his silence

Rebekah Jones turns herself in to about why he left Fox News
jail and tests positive for Covid-19 Business

U.S.

Business U.S. Business

Volkswagen and Audi are starting Proud Boys leader Joseph Biggs Etsy removes 'Camp Auschwitz'
to challenge Tesla arrested in Florida in connection… shirt from its website following…

Phil Collins’s $40 Million Miami They Have More Money Than
Beach Mansion Goes Into Contract Anyone on Earth
Sponsored: Sponsored: Mansion Global Sponsored: Sponsored: Work + Money

You’ll Never Use Your Ordinary If You're Over 40 And Own A

Backpack Again Computer, This Game Is A Must-
Sponsored: Sponsored: Nordace Have!
Sponsored: Sponsored: Vikings

This Giant Sailboat Will Transport 50 Terrible Maps That Made Us The 20+ Hottest Inventions That
Cars Across the Atlantic Ocean Laugh Are Going To Sell Out This Month
Sponsored: Goodnet Sponsored: Far & Wide Sponsored: Trending Boom

He may hold the winning ticket in The fried chicken sandwich wars
tech and Silicon Valley knows it are heating up. Here are the new
Business
entrants
Business

Health Business Health

Johnson & Johnson coronavirus Facebook's oversight board will No limit to cardiovascular benefits
vaccine generates immune… decide whether Trump should… of exercise, study finds

Discover the importance and Download your photographic

benefits of software container interactive book about light, people
monitoring in container vendors… and lives!
Sponsored: Sponsored: Splunk Sponsored: Sponsored: Foscarini.com

Is This $59 Heater The Solution To Why Are People Buying Up This $47
Netherlands’s Cold Weather? Monocular (Better Than $3000
Sponsored: Sponsored: Tech Advice 24 Telescopes)?
Sponsored: Sponsored: Smart Tech Trend

Trevor Noah Picks up $27.5 Million This Smart Mask Is Changing Netherlands: New WiFi Booster
Bel Air Mansion People's Life Stops Expensive Internet
Sponsored: Mansion Global Sponsored: Discover Healthy Body Sponsored: Next Tech

Videos of passengers being Intel ousts CEO and names

removed from planes do not successor
indicate federal no-fly status yet,… Business
Business

PAID CONTENT MORE FROM CNN

Doctor: If You Have Tinnitus (Ear Ringing) Do This US ambassador blocked from visiting Bobi Wine as o cial
Immediately! healths.vip warns…
European Countries, Ranked from Worst to First Far & Wide Analysis: Mitch McConnell is kicking Trump on his way out
the…
The knee brace that has taken the world by a storm. Knee
Fix PRO™ Hawley blocks quick consideration of Biden's Homeland
Security…
Why People in Netherlands Snap Up This New Transparent
Mask ClearShield™ 'No Time to Die,' the new James Bond film, is delayed once
again
RECOMMENDED BY

Search CNN... Search

World US Politics Business Health Entertainment Tech Style

Africa The Biden Presidency Markets Food Stars Innovate Arts
Americas Facts First Tech Fitness Screen Gadget Design
Asia US Elections Media Wellness Binge Foreseeable Future Fashion
Australia Success Parenting Culture Mission: Ahead Architecture
China Perspectives Vital Signs Media Upstarts Luxury
Europe Videos Work Transformed Beauty
India Innovative Cities Video
Middle East
United Kingdom

Travel Sports Videos Features Weather More

Destinations Football Live TV Call to Earth Climate Photos
Food and Drink Tennis Digital Studios Freedom Project Storm Tracker Longform
Stay Equestrian CNN Films Impact Your World Wildfire Tracker Investigations
News Golf HLN Inside Africa Video CNN Profiles
Videos Skiing TV Schedule 2 Degrees CNN Leadership
Horse Racing TV Shows A-Z CNN Heroes CNN Newsletters
Motorsport CNNVR All Features Work for CNN
Formula E
Esports

FOLLOW CNN BUSINESS

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: Copyright 2018 Morningstar, Inc.
All Rights Reserved. Factset: FactSet Research Systems Inc.2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors.
All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed
for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings
LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Terms of Use Privacy Policy Manage Cookies+ AdChoices About Us Modern Slavery Act Statement Advertise with us CNN Store Newsletters Transcripts License Footage CNN Newsource Sitemap

© 2021 Cable News Network. A Warner Media Company. All Rights Reserved.
CNN Sans ™ & © 2016 Cable News Network.