TARIFFS LIKELY TO STAY

WASHINGTON: Presidentelect Joe Biden has pledged to work more closely with United States allies in confronting China on trade, and is seen as unlikely to roll back his predecessor’s tariffs on imported steel, aluminum, Chinese and European goods any time soon.

‘‘I’ve been told that if you close your eyes, you might not be able to tell the difference’’ between the Biden and Trump trade agendas, Nasim Fussell, former Republican trade counsel at the US Senate finance committee, said.

‘‘Biden’s not going to be quick to unravel some of these tariffs.’’

Biden, who captured the presidency yesterday after days of vote counting, was elected with the strong backing of trade unions and progressives who have been skeptical of past freetrade deals, so he will face pressure to maintain protections for vulnerable industries, such as steel and aluminum.

His top economic priority will be to revive an economy slammed by the coronavirus pandemic, so trade agreements will likely take a back seat to stimulus efforts and infrastructure development.

Biden advisers say he will seek to end ‘‘artificial trade wars'' with Europe and would immediately consult with US allies before deciding on the future of US tariffs on Chinese goods, in a bid for ‘‘collective leverage’’ against Beijing.

Former Trump and Obama administration trade officials say that in order to roll back tariffs on Chinese goods, Biden would likely demand the same basic concessions from China that Trump did: curbing massive subsidies to statecontrolled firms, ending policies that force US companies to transfer technology to Chinese counterparts, and opening its digital services markets to US tech firms (another big Biden donor constituency).

A Biden administration will be more predictable on trade after Trump’s abrupt shifts and tariff threats, Wendy Cutler, a former US trade negotiator, said.

‘‘The days of advisers scrambling to implement what they learn through presidential tweets will be in the past,’’ Cutler, vicepresident at the Asia Society Policy Institute, said.

Biden is not seen likely to try to revive the Comprehensive and Progressive Agreement for TransPacific Partnership, the 12country Pacific Rim trade deal negotiated by the Obama administration but abandoned by Trump in 2017.

Instead, reforming the badly damaged World Trade Organisation is viewed as a bigger priority. — Reuters