Pandemic gym buyers shrug off China tariffs that Biden will likely leave in place

China 2673 Cons. Discr. - Durables 366 Tariffs 1676 U.S. 4748

The Biden administration’s leading trade policies will include “contending with the challenges of China and making sure the USMCA lives up to its promising potential” according to USTR-nominee Katherine Tai. Action regarding China won’t occur, however, until President-elect Biden has consulted with allies in Europe and Asia. In the meantime section 301 tariffs, the core of the Trump administration’s trade war with China, will likely remain in place. The tariffs appear to have become a business-as-usual matter. U.S. imports of products from China covered by 25% tariffs (lists 1-3) climbed...

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