Fitch Solutions: Relations With China Will Get Worse With Trump or Biden
Fitch Solutions believes that Donald Trump or Joe Biden as president would exacerbate tensions with China, according to Markets Insider.
Policy on China is one of the main issues of the 2020 presidential election. President Donald Trump and Democratic nominee Joe Biden have stated that they will be tough on China.
Cedric Chehab, global head of country risk at Fitch Solutions told CNBC that regardless of who wins, tensions with China will rise. The bipartisan agreement on China as a bad actor isn’t good for relations.
"We know they're probably going to increase the rhetoric as they head into the election, as that's always the vote winner," he said. He continued stating that tensions would grow more quickly under Trump compared to Biden.
China is the third-largest export market for US goods, which makes it important for the US economy. The US exports around $120 billion a year to China, and imports around $540 billion a year from China.
The Trump campaign has portrayed Biden as a weak negotiator who wouldn’t get the job done with China. The Biden campaign has portrayed Trump as “all-talk” with little result.
"Trump said he'd get tough on China," a Biden advertisement says. "He didn't get tough. He got played."