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- The U.S. is reviewing its trade policy with China - USTR Katherine Tai
The U.S. is reviewing its trade policy with China - USTR Katherine Tai
CNBC reports that U.S. Trade Representative Katherine Tai said the “Biden-Harris Administration and USTR are conducting a comprehensive review of U.S.-China trade policy”.
She acknowledged the significance of the U.S.-China trade relationship, and said the U.S. remains committed to “addressing China’s unfair trade policies and non-market practices that undermine American businesses and workers,” the readout said.
Michael Hirson, practice head for China and Northeast Asia at consulting firm Eurasia Group, has pointed out that Biden was able to persuade major G-7 countries to make strong statements against China.
However, Biden has “not yet articulated a trade strategy or another approach that would really be effective in countering China’s economic strength,” Hirson said.
Trade tensions between the world’s two largest economies escalated under former President Donald Trump. A dispute that began with tariffs on billions of dollars’ worth of goods from both sides has since spilled over into technology and finance.
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