GT Voice: China in better position in easing US tariffs impact

The Biden administration needs to come to terms with the fact that continuing wielding the tariffs stick against China won't win Washington any concessions from China, but only inflicting more damage on domestic businesses and the broader economy. A study commissioned by the US-China Business Council said in January that the trade war has caused a loss of up to 245,000 US jobs, but a gradual scaling back of tariffs on both sides would boost growth and result in 145,000 additional jobs by 2025, according to media reports.