In this file:
∑ New U.S. China trade plan leaves industry hungry for specifics
∑ Trumpís China trade deal is Ďstarting pointí for Biden
∑ Bidenís Trade Strategy That Isnít
New U.S. China trade plan leaves industry hungry for specifics
By David Lawder and Andrea Shalal, Reuters
October 5, 2021
WASHINGTON, Oct 5 (Reuters) - Having waited eight months for U.S. Trade Representative Katherine Tai's promised "top-to-bottom" policy review of trade with China, some U.S. industries and experts were complaining over the plan's lack of specifics on negotiations or timing.
Unveiling her plan on Monday, Tai, President Joe Biden's top trade official, pledged to hold talks with Chinese officials over their failure to meet the terms of former President Donald Trump's "Phase 1" trade deal, and to revive a process to grant exclusions from tariffs on Chinese imports.
"She's going to re-engage with China and that's a good thing," said Mary Lovely, a Syracuse University trade economist who attended Tai's speech in Washington. "But her whole plan seems to be, 'I'm going to have a conversation.'"
Tai will leave in place most of Trump's controversial tariffs on hundreds of billions of dollars of Chinese goods as she launches discussions with her counterpart, Chinese Vice Premier Liu He. She will raise U.S. concerns about China's industrial subsidies, but did not outline specific plans to tackle Beijing's policies that the U.S. believes undermine free trade...
NEW TARIFF WORRIES ...
Trumpís China trade deal is Ďstarting pointí for Biden
US trade representative says Trump's deal 'hurt select sectors of American economy'
By Jonathan Garber, FOXBusiness
Oct 4, 2021
The Biden administration wants to reshape former President Trumpís historic phase one trade deal with China but acknowledged the former president laid the groundwork.
U.S. Trade Representative Katherine Tai on Monday laid out her vision for trade relations between the worldís two largest economic powers, and admitted there is a zero-sum dynamic where Chinaís economic prosperity comes at the expense of workers and economic opportunity in the U.S.
"We need to take a new holistic and pragmatic approach in our relationship," Tai said during a discussion with Bill Reinsch, senior adviser and Scholl Chair in international business at the Center for Strategic and International Studies.
She added that Trumpís trade deal is "the starting point" for talks and that the administration will "have to address where the relationship goes from the starting point."
Tai said China will be held to the commitments it made as part of the phase one trade deal that benefit certain industries, but that the administration plans to roll back some tariffs that have not produced strategic benefits and raised costs on Americans...
Bidenís Trade Strategy That Isnít
Trade Rep Tai offers a China policy that is Trump Lite.
By The Editorial Board, The Wall Street Journal (WSJ)
Oct. 4, 2021
Whatever the flaws of President Trumpís trade strategy with China, at least he had one. President Bidenís is indiscernible, judging from the much-anticipated but content-free remarks Monday by U.S. Trade Representative Katherine Tai at the Center for Strategic and International Studies.
Ms. Tai said that China had failed to abide by the terms of the Trump Administrationís phase one deal, which included commitments on intellectual property, technology transfer, purchases of American products, and improved market access for agriculture and financial services. In what areas specifically was China failing? She didnít say.
She did promise, however, to ďuse the full range of tools we have, and develop new tools as needed, to defend American economic interests from harmful policies and practices.Ē What tools exactly she also couldnít say, other than perhaps another Section 301 investigation and more tariffs.
How would Mr. Bidenís approach to China differ from Donald Trumpís ? The Biden Administration, she said, would ďstrengthen our alliances through bilateral, regional, and multilateral engagement.Ē She cited a settlement this summer with the European Union that resolved a 17-year feud over subsidies for Boeing and Airbus. Thatís great, but what else? She couldnít say...
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