tirsdag 5. oktober 2021

U.S. to warn China is not complying with Trump's Phase One trade deal

U.S. Trade Representative Katherine Tai will declare Monday that an extensive review found China isn't meeting its commitments under the Phase One trade deal — laying the groundwork for the Biden administration to keep in place Trump-era tariffs while considering other punitive actions. American businesses and importers have waited months to hear what President Biden will do with the trade war he inherited from Trump, which has pitted the world's two largest economies against one another.

Tai will detail the review's findings in a speech at a Washington think tank Monday, marking her most extensive comments to date about the administration's plans to address China's "coercive" and "predatory" trade practices, according to officials who spoke to reporters on condition of anonymity to preview the remarks.