When it comes to China, Team Biden sounds a lot like Team Trump

The US-China Business Council, a group representing more than 230 large American companies operating in China, last week called on the Biden administration to roll back Trump's tariffs and "craft a more nuanced and effective trade policy toward China." The group, citing findings of research by Oxford Economics, said that gradually scaling back tariffs to 12% from the current 19% would produce an additional $169 billion in US GDP and create 145,000 additional American jobs by 2025.