The sheer volume of Biden's plans could make it a challenge to execute them all. Biden heads into office with strategies to address the COVID-19 crisis and the search for a vaccine as well. A significant amount of Biden's agenda also centers on reversing or updating positions taken by the Trump administration, especially on immigration and foreign policy. off President Trump's current path.īiden ran a heavily policy-focused campaign, releasing dozens of lengthy and ambitious plans ranging from large-scale economic and environmental initiatives to broad actions on racial justice, education and health care. He has pledged to enact new policies swiftly that veer the U.S. President-elect Joe Biden will take office in January with a lot of promises to keep. That's something he'll need to consider as he sorts through which parts of his agenda to push first. So far, retailers such as Target and Walmart haven’t been experiencing the same level of product shortages they did last summer, but that could change if China continues its zero-Covid policy and lockdowns spread, given the highly contagious nature of the omicron variant of the coronavirus.President-elect Joe Biden, flanked by Vice President-elect Kamala Harris, is likely to face a divided Congress. ![]() Inflation has hit its highest level in 40 years, and even before China’s lockdowns, administration officials were warning it could persist at those high levels throughout the rest of the year and potentially 2023.Ī recent unrelated baby food shortage caused by manufacturing problems at a Michigan plant has only added to the overall sense of anxiety among consumers, who less than a year ago were having to wait months for products they could once get in days because of Covid-related manufacturing shutdowns and port congestion last summer. The lockdowns have also caused development of one of Apple’s new iPhones to fall behind schedule, the Nikkei reported last week, citing multiple sources with direct knowledge of the matter.īiden has already been struggling to cope with surging gas and food prices as a result of Russia’s invasion of Ukraine, which have come on top of already high prices for cars, housing and travel. Biden said he would discuss the issue with Treasury Secretary Janet Yellen, who has criticized the tariffs as doing more harm than good. ![]() To help lower the overall cost of products coming from China, Biden said during his trip to Asia this month that he was considering the politically sensitive move of rolling back some of the Trump administration’s tariffs on China. A security guard outside the entrance of a closed shopping mall during a Covid-19 lockdown in the Jing'an district in Shanghai on Thursday. ![]() In the meantime, administration officials continue to work with the ports to help them clear the cargo coming in so they are prepared for any potential surge of shipments from Shanghai once operations there normalize. "Our economy is strong, but it is also interconnected to the global economy." "It is something we know is very important and could have a big impact on our economy, and we are watching it very closely," the official said. But officials continue to watch the data closely, as it can take time for the effects to ripple through the supply chain, said the official, who wasn't authorized to speak on the record. So far, the White House hasn't seen a slowdown in goods coming from Asia as companies have shifted their operations to other parts of China and Asia, a White House official said. “There’s a lot of concern that that is what’s out of our control,” a senior administration official said, speaking on the condition of anonymity because he wasn’t authorized to talk to the media. has over the situation in China, officials said. There are daily discussions among officials at the White House, the State Department, the Commerce Department and the Transportation Department about the lockdowns disrupting production and the supply chain amid growing anxiety over the limited control the U.S. trade policy with China, adding, "Unfortunately, we’re in a very tough spot because of decisions that were made 30 years ago." ![]() "We’re going to have to solve the root causes, not just paper over them with some short-term stuff, even though that would be helpful," said Vance, a strong critic of long-standing U.S. Both Ryan and Vance say short-term options to combat worsening conditions in China are limited, with each suggesting a tax cut to counteract additional inflation or shortages as one of the limited options lawmakers can pursue. “The way they’ve handled the whole thing is problematic.” “I don’t think you’re going to see a correction because of the zero-tolerance policy in China anytime soon,” Ryan, who has made China a focus of his campaign, said of the Chinese government’s efforts to contain the spread of Covid.
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