U.S. will use all steps necessary to defend economic interests against China, top trade official says
WASHINGTON – U.S. Trade Representative Katherine Tai slammed China's unfair trade practices and vowed to protect U.S. economic interests in a speech Monday, adding that the Biden administration will rally allies in order to push back on the world's second-largest economy.
"Our objective is not to inflame trade tensions with China," Tai said in an address to an audience at the Center for Strategic and International Studies, a Washington-based think tank. "But above all else, we must defend to the hilt our economic interests and that means taking all steps necessary to protect ourselves against the waves of damage inflicted over the years through unfair competition," said Tai, the nation's top trade official.saying that the Biden administration believed that Beijing has not complied with the phase one trade deal.
According to the deal, which was brokered under then-President Donald Trump and signed in January 2020, Beijing agreed to buy at least $200 billion more in U.S. goods and services over 2020 and 2021, compared with 2017.
"Honestly I don't know if I can trust Beijing until I talk to Beijing," Tai said of China's shortcomings on the phase one deal. "We don't know what we can accomplish until we try," she added.
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