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Posted on March 12, 2021. Not long ago, Treasury Secretary Janet Yellen said that the tariffs imposed on China by the Donald Trump administration would be maintained for now, that she hoped China would continue to fulfill its commitments, and that the U.S. would assess how to move forward in an appropriate manner. This clearly shows that the Joe Biden administration is not at all eager to change Trump’s trade policy with China. But the American business community can’t wait. Recently, the U.S. Chamber of Commerce released a report, “Understanding U.S.-China Decoupling,” which evaluated the economic losses in the U.S. caused by U.S.-China decoupling in areas such as investment, trade, the movement of people and exchange of ideas, as well as aviation and medical equipment. The report predicts that decoupling would lead to a halving of U.S. direct investment in China and a possible loss of $500 billion a year to U.S. in gross domestic product. It therefore called on the Biden

United statesJanet yellenMadeleine kingDonald trumpRupert murdochWang yiJoe bidenLanting forum on febUs chamberAustralian labor partyTreasury secretary janet yellenChina decouplingSouth australianLiberal partyAustralian financial reviewChinese state councilor