The U.S. has conducted a reset in its relationship with China over the last four years under President Donald Trump, but with President-elect Joe Biden's taking over negotiations another shift could be on the horizon.
Kevin Philip, managing director of Bel Air Investment Advisors, told TheStreet that stocks could benefit from a shift in tone that is expected once Biden takes office in January.
"President Trump during his administration has significantly altered the landscape for trade with China primarily through aggressive rhetoric and tariffs," Philip said in an interview Wednesday.
"It seems clear that a Biden Presidency would in substance be similar but in rhetoric be dramatically different. It would probably not be overtly aggressive, which bodes better in general for the relationship and for the possibly."
Despite Trump's harsh tone, his skepticism of the fairness of the relationship between the two super powers has become mainstream between the two parties, Philip said.
There are still some fault lines between the two countries. Check out the video above to see where the U.S. and China don't see eye to eye on trade.
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