Sunday, October 24, 2021

US to start talks with China on implementing Trump’s ‘phase one’ trade deal

October 4 (WNN) — US negotiators will begin direct talks with China on Monday and pledge to implement a “phase one” trade deal negotiated by former President Donald Trump’s administration, as well as bring out other policy concerns Was.

US officials say China has failed to live up to the deal and accuse Beijing of continuing unfair trade practices that have harmed American workers. US Trade Representative Catherine Tai, President Joe Biden’s chief top official, will lead the talks on Monday.

“I think the best way to portray what Ambassador Tai would say is [Monday] It is that she wants to have an open dialogue with her counterpart in China about China’s performance under the Phase I agreement,” a senior administration official told reporters.

“We are not going to pre-determine what the outcome of those conversations are, but based on the data we have seen, there are some commitments that have not been met, and we think the outcome of the agreement is mixed. We will be ambassadors. Dialogue with your Chinese counterpart to discuss those things will happen.”

In prepared remarks for discussion, Tai vowed to implement the trade agreement.

According to CNBC, “Today, I look at the starting point of our administration’s strategic vision of realizing our trade policies toward China to protect the interests of America’s workers, businesses, farmers and producers and strengthen our middle class.” I’ll keep it.”

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“China made commitments with the intention of benefiting certain American industries, including agriculture, that we must implement.”

The White House official said the administration would “take no tools off the table” against China, including Trump-era sanctions.

“We’re going to make sure that the trade enforcement actions that we take align with the Biden-Harris priorities and any trade-exclusion procedures, as I mentioned, we also want to make sure that we keep the existing tariffs going.” Use that to align. Same priorities,” he said.

While Biden’s administration is clearly planning to hold on to China for the deals it made with Trump, the White House official said there would be some differences of opinion.

“Unlike his predecessor, President Biden is going to hold China accountable where China is falling short of its commitments,” he said. “Biden also believes that we must use all of our means to ensure that China’s economic and trade policies do not harm American workers and businesses.”

Trump and China imposed tit-for-tat tariffs during an 18-month trade war, until the two sides signed a “phase one” agreement in early 2020. At the time, US officials said the deal achieved progress in the protection of intellectual property, technology. Transfers, agriculture, financial services and currencies and foreign exchange.

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