U.S. trade strategy with China to be unveiled on Monday

U.S. Trade Representative Katherine Tai (戴 琪) is expected to unveil a long-awaited strategy for her country’s difficult trade relationship with China in a speech to a think tank in Washington on Monday, her office said.

Tai will speak on his review of China’s trade policy at the Center for Strategic Studies in Washington and attend a session to answer questions, Tai’s office said in a statement on Thursday.

Since taking office in March, Tai has conducted a comprehensive review of Washington’s trade policy in China.

US President Joe Biden has kept tariffs in place on hundreds of billions of dollars in Chinese imports imposed by former US President Donald Trump, but his administration has so far revealed little about how she would approach what she calls China’s trade and non-market subsidy practices. .

Tai’s speech on Monday would mark the start of the last three months of a “phase 1” trade deal Trump struck with Beijing in early 2019, easing a tariff war between the world’s two largest economies. He called on China to increase its purchases of US energy, services and manufactured goods by $ 200 billion until the end of this year, from 2017 levels.

Officials in the Biden administration have said that China has failed to meet Phase 1 conditions and that the United States intends to force China to meet its international trade commitments.

Chad Bown, a senior researcher at the Peterson Institute for International Economics in Washington, estimates that China’s purchases of US exports through August represent about 62% of Phase 1 targets, based on US data.

Tensions between the two economic powers also increased as the United States restricted Chinese companies’ access to sensitive American technologies.

Tai called on the US Congress for new trade law tools to counter massive Chinese state subsidies to high-tech sectors.

The Biden administration has sought to rally U.S. allies in Washington to deal with what it says are Beijing’s abusive trade policies. US and EU officials met in Pittsburgh on Wednesday to deepen the protection of sensitive technologies and address challenges posed by “non-market economies” – a reference to China.

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