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 billion short of its commitment to import $73.9 billion of U.S. agricultural products in 2020 and 2021. “We urge you to take immediate steps to rectify the unbalanced agricultural trade relationship with China; work towards new enforceable commitments from China,” the lawmakers wrote. “We are concerned that the lack of enforcement action will set a detrimental precedent for future trade negotiations,” they added. The letter was made public by a press release from Rep. Dan Newhouse (R-Wash.), one of the signatories of the letter. Other signatories include House Minority leader Kevin McCarthy (R-Calif.), Reps. August …
GOP Lawmakers Call on Biden to Take Action on China’s Failure to Meet Trade Commitments
February 16, 2022
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ChinaChinese RegimeFinance & Business TiesJoe Bidenkatherine taiKevin McCarthyphase one trade dealPoliticsSpecial TopicsUSUS-China relations
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