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No let-up on China tariffs by Biden or Trump

Both presidential candidates are highly aware of the adverse impacts of trade with China, not least in terms of US job losses, estimated in the millions over the past 20 years. The main difference is that Mr Biden would prefer to work with allies while Mr Trump is likely to continue his pursuit of policy goals to the exclusion of partners

The chief effect of Mr Biden’s approach on tariffs and sanctions will likely be calmer seas ahead, while that of Mr Trump will be for the maritime industry to batten down the hatches for another four years

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