Trade representative looking to open new talks.
U.S. Trade Representative Katherine Tai set out the trade approach of President Biden’s administration to the world’s second-largest economy in a speech this week. She said the U.S. will reopen talks with China over its failure to comply with the trade deal signed during the previous administration. She wants to restart a process for U.S. companies to win exemptions from tariffs on Chinese products.
“For too long, China’s lack of adherence to global trading norms has undercut the prosperity of Americans and others around the world,” she said at the Center for Strategic and International Studies in Washington. “To be successful, we must be direct and honest about the challenges we face and the grave risk from leaving them unaddressed.”
She said that tariffs on China would continue for now, noting that they were imposed on more than $350 billion worth of Chinese goods. Further, if China does not address America’s concerns, more duties or other trade restrictions could be imposed.
The trade representative said, “I am committed to working through the many challenges ahead of us in this bilateral process in order to deliver meaningful results. But above all else, we must defend—to the hilt—our economic interests.”
As the Lord Leads, Pray with Us…
- For Trade Representative Tai as she works on diplomatic trade relationships with China.
- For officials of the Commerce and State Departments as foreign and domestic trade concerns are addressed.
- For the U.S. and China as negotiations are made regarding the international market.
Sources: Politico, CNN, NPR
