The United States Trade Representative (USTR) is calling for the country to rethink its approach to China with a focus on building up domestic capacity rather than trying to change the communist nation’s behavior. “Our strategy must expand beyond only pressing China for change and include vigorously defending our values and economic interests from the negative impacts of the PRC’s [People’s Republic of China’s] unfair economic policies and practices,” USTR Katherine Tai said in Congressional testimony on March 30. After China joined the World Trade Organization (WTO) in 2001, it made a series of pledges to open its economy and remove barriers to trade. But according to yet another report from the USTR in February, the regime has failed to live up to its commitments and continues to engage in trade-distorting behavior. That report came roughly 20 years after China joined the WTO and 50 years after former President Richard Nixon …
US Should Hold Beijing Accountable on Trade After 20 Years of WTO Abuses: Analysts
April 12, 2022
admin
0 Comment