Biden administration pledges to stand firm against China trade abuses by AFP Staff Writers Washington (AFP) March 1, 2021 President Joe Biden will use "all available tools" to take on abusive trade practices by China, the US Trade Representative's office pledged Monday. In addition, Biden's trade team will seek to repair relations with allies, and defend US workers, according to the 2021 President's Trade Agenda submitted to Congress. Tackling the Covid-19 pandemic by securing vaccine supply chains and production is a top priority. The report largely formalizes statements made in recent weeks by Biden and his USTR nominee Katherine Tai, who is awaiting Senate confirmation. On the high-profile trade spat between Washington and Beijing, the report acknowledged the damage done by "China's coercive and unfair trade practices," which "undermine our national interests." "The Biden administration is committed to using all available tools to take on the range of China's unfair trade practices that continue to harm US workers and businesses," the report said. It said what it deems China's human rights abuses against Uighur Muslims and others will be a "top priority" for Biden's team. "Americans and consumers around the world do not want products made with forced labor on store shelves, and workers should not be disadvantaged by competing with a state sponsored regime of systematic repression," the report said. Restoring frayed relations with allies and trading partners also will be part of Biden's strategy for dealing with Beijing in the effort to "address global market distortions created by industrial overcapacity." The report said protecting US workers and farmers will be central to the administration's trade policy, fulfilling Biden's campaign promise.
US trade pick Tai defends use of tariffs Washington (AFP) Feb 25, 2021 US Trade Representative nominee Katherine Tai on Thursday defended the use of tariffs as a valid negotiating tool and vowed to strictly enforce existing trade agreements, including with China. She also stressed that she would aim to repair trade relations with American allies which suffered under the "America First" hardline policies of former president Donald Trump. "Tariffs are a very important part of our fair trade remedies toolbox," Tai told the Senate Finance Committee during her nominati ... read more
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |