Biden Says He Won’t Immediately Remove U.S. Tariffs on China resident D o nald T r um p ’ s 2 tariffs imposed on China under the phase one trade deal will remain in place at the start of the new administration, resident-elect J o e Bid en said in an interview with the New ork Times published early Dec. 2.
President-elect Joe Biden during an event in Wilmington, DE. Credit: Alex Wong, Getty Images
“ ’m not going to make any immediate moves, and the same applies to the tariffs,” Biden said. He plans to conduct a full review of the current U.S. policy on China and speak with key allies in Asia and Europe to “develop a coherent strategy,” he said. “The best China strategy, think, is one which gets every one
of our—or at least what used to be our—allies on the same page. t’s going to be a ma or priority for me in the opening weeks of my presidency to try to get us back on the same page with our allies.” Biden told N T columnist T ho m as F r ied m an he didn’t think the U.S. yet had the “leverage” in dealing with China. etting bipartisan consensus in America on “government-led investments in American research and development, infrastructure and education” would achieve this. “ want to make sure we’re going to fight like hell by investing in America first,” he said. Biden said he stood by comments he made in a Sept. CNN op-ed in which he wrote “if ran returns to strict compliance with the nuclear deal, the United States would re oin the agreement as a starting point for follow-on negotiations,” acknowledging to Friedman “ t’s going to be hard.” We thank Ax ios for reprint permission.
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Traffic Congestion same period in 2 . The average fee for scans across appraisals that include them is 26, she said. ooking at D claims only, shops in the second quarter of this year averaged . labor hours per day on drivable vehicles and 2. hours on non-drivable vehicles that was up from . labor hours on drivable vehicles and 2. hours for non-drivable for the same period in 2 , but down slightly from .6 labor hours for drivable and hours for non-drivable in 2 . Fewer repairs in shops in the second quarter also led to improved cycle time, otsch said from “vehicle in” to “vehicle out,” cycle time fell to an average of . days, down nearly a half-day from the previous quarter, and down from . days in the second quarter of 2 . For the 2 months ending with the third quarter of this year, 6 . of claims had supplements, up from . a year earlier and up from 2. for the 2-month period end-
ing in 2 , and those supplements accounted for . of the total cost of repairs, up from . and 6. in the two prior years. The percentage of vehicles declared total losses has continued to increase, despite a rise in used vehicle pricing this year. “ e’re now at a point where roughly 22 of all non-comprehensive appraisals are being flagged as total loss, which is a substantial increase considering that even years ago, only about of all vehicles were flagged as total loss,” otsch said. That is likely to rise even higher next year, she said, given the expected decline in new vehicle sales this year. “The vehicle fleet will continue to shift older for the next several years,” otsch said. “Many fewer vehicles were purchased [this year by fleets, which ultimately supplies the used vehicle market, and that will help keep used vehicle prices elevated, but as repair costs continue to rise and may outpace that, that will continue to push up the total loss frequency.”
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