3 Steps Biden Can Take to Shore Up Supply Chains

The US-China Business Council urged the Biden administration in late 2021 to dial back tariffs, but Biden responded on January 19 by stating that he is not ready to reduce the tariffs on goods imported from China. Because China failed to fulfill its Phase One trade agreement that was signed in January 2020, President Biden should use the increased import tariffs as a bargaining chip to pressure China to step up purchases of US goods and services in the future.