About This Source - Bloomberg QuickTake: Now
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.
It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
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Bloomberg Quicktake: Now published this video item, entitled “Biden Says He Won’t Immediately Remove Phase 1 Tariffs on China” – below is their description.
A transatlantic alliance fractured by Donald Trump’s unilateral trade policies appeared headed for repair as both President-elect Joe Biden and Europe signaled an urgency to rejoin a united front against China’s ascendancy in the global economy.
“The best China strategy, I think, is one which gets every one of our — or at least what used to be our — allies on the same page,” Biden told New York Times columnist Thomas Friedman. “It’s going to be a major priority for me in the opening weeks of my presidency to try to get us back on the same page with our allies.”
Meanwhile, in Brussels, the European Union is making a sweeping proposal for cooperation with the incoming Biden administration to counter the influence of countries like China and Russia.
“This combined power and influence is indispensable to anchor global cooperation in the 21st century,” the European Commission, the 27-nation EU’s executive arm, said in a strategy paper published on Wednesday. “Our joint commitment is essential in a world where authoritarian powers seek to subvert democracies, aggressive actors try to destabilize regions and institutions, and closed economies exploit the openness our own societies depend on.”Bloomberg Quicktake: Now YouTube Channel
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In This Story: Joe Biden
Joe Biden is an American politician who served as the 47th vice president of the United States from 2009 to 2017. A member of the Democratic Party, he served as a United States Senator for Delaware from 1973 to 2009.
Biden is the Democratic presidential nominee for the 2020 election, running against the incumbent, Donald Trump.
On August 11, 2020, Biden announced U.S. Senator Kamala Harris as his running mate in the 2020 presidential election.
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The New York Times is an American newspaper based in New York City with worldwide influence and readership. Founded in 1851 and nicknamed “the Gray Lady”, the Times has long been regarded within the industry as a national “newspaper of record”.
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Russia spans more than one-eighth of the Earth’s inhabited land area, stretching eleven time zones, and bordering 16 sovereign nations. Moscow is the country’s capital.
The Soviet Union was dissolved in 1991 and since 1993 Russia been governed as a federal semi-presidential republic. Russia is a major great power, with the world’s second-most powerful military, and the fourth-highest military expenditure. As a recognised nuclear-weapon state, the country possesses the world’s largest stockpile of nuclear weapons.