Sixty House Republican lawmakers are seeking answers from President Joe Biden after Beijing failed to meet its buying targets under the “phase one” trade agreement with the United States. The lawmakers are particularly concerned about how China failed to buy enough U.S. agricultural products. According to their letter (pdf) to Biden, China was nearly $16…
GOP Lawmakers Call on Biden to Take Action on China’s Failure to Meet Trade Commitments
Sixty House Republican lawmakers are seeking answers from President Joe Biden after Beijing failed to meet its buying targets under the “phase one” trade agreement with the United States. The lawmakers are particularly concerned about how China failed to buy enough U.S. agricultural products. According to their letter (pdf) to Biden, China was nearly $16…
Biden Says Tariffs on Chinese Goods Are Still in Place for Now
President Joe Biden said on Wednesday that it was not time to lift U.S. tariffs on Chinese goods because Beijing has failed to keep its promises under the Phase One trade deal. “I’d like to be able to be in a position where I can say they’re meeting the commitments, more than the commitments, to…
US Treasury Secretary Yellen Holds Talks With China’s Trade Negotiator
U.S. Treasury Secretary Janet Yellen talked to China’s top trade negotiator Liu He via video call on Oct. 25, during which the two sides raised their respective concerns. Yellen “frankly raised issues of concern,” the U.S. Treasury announced in a short statement without elaborating what the issues were. The statement did add that the two…
US Trade Chief to Unveil Biden’s China Trade Strategy and Vow Enforcement of Trump-Era Deal
U.S. Trade Representative Katherine Tai will on Monday deliver long-awaited remarks outlining the Biden administration’s trade strategy with China, with a senior administration official saying Tai will condemn Beijing’s unfair trade practices and discuss holding it to account for commitments made under a Trump-era deal. Tai is scheduled to speak at at the Center for Strategic and…
Future of US-China Trade Deal Uncertain as Beijing Fails to Meet Phase One Targets
WASHINGTON—China has fallen short on meeting its pledges in the “phase one” trade agreement signed last year and the Biden administration will soon commence a review of the deal to determine a proper policy response. Treasury Secretary nominee Janet Yellen said there would be no immediate moves to lift punitive tariffs on Chinese imports that…
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