Newly minted U.S. Trade Representative Katherine Tai told The Wall Street Journal in an interview published Sunday that the Biden administration isn’t planning to lift tariffs on Chinese goods anytime soon, although she signaled potential openness to trade negotiations with Beijing. In her first post-confirmation interview, Tai said any sudden moves to lift tariffs were ill-advised as they could hurt the economy unless the change is “communicated in a way so that the actors in the economy can make adjustments.” “Whether they are companies, traders, manufacturers or their workers, the ability to plan” for changes that impact their future is essential, she said. Tai also noted that unilaterally lifting the tariffs without any concessions from China would not be shrewd. “No negotiator walks away from leverage, right?” she said, suggesting the tariffs were a thorn in the side of the Chinese regime, which has pushed for them to be lifted. Former …
Biden Administration Has No Immediate Plans to Lift Tariffs on China: US Trade Chief
March 30, 2021
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