The Limited Times

Now you can see non-English news...

Trade: Washington promises to do everything to counter Beijing's unfair practices

2021-03-01T19:37:49.328Z


The Biden administration will use "all the tools" at its disposal to put an end to China's "unfair" trade practices , underline the services of the United States Trade Representative (USTR) in their 2021 roadmap published on Monday with their report annual. To read also: Vivian Balakrishnan: "For the United States, China is a bigger challenge than the USSR" The new Democratic team "recognizes th


The Biden administration will use

"all the tools"

at its disposal to put an end to

China's

"unfair"

trade

practices

, underline the services of the United States Trade Representative (USTR) in their 2021 roadmap published on Monday with their report annual.

To read also: Vivian Balakrishnan: "For the United States, China is a bigger challenge than the USSR"

The new Democratic team

"recognizes that China's coercive and unfair business practices harm American workers, threaten our technological lead (...) and undermine our national interests,"

a diagnosis shared with the former Trump administration that triggered the trade war between the two leading world powers.

But she believes that

"meeting the challenge of China will require a comprehensive strategy and a more systematic approach than the haphazard approach of the recent past

.

"

Last week, the new trade ambassador, Katherine Tai, indicated during her hearing before the Senate that she would conduct

"a full review"

of the United States' trade policy towards China in the framework for developing a comprehensive strategy.

Among the practices deemed

"harmful"

to Americans, USTR cites tariff and non-tariff barriers restricting access to the Chinese market, industrial policies using subsidies deemed unfair, and export subsidies.

“They also include forced technology transfers, illicit acquisitions and infringement of American intellectual property, censorship and other restrictions on the Internet and the digital economy, as well as the failure to provide to American companies, in many sectors, a treatment comparable to that which Chinese companies receive in these sectors in the United States

”, details USTR in its roadmap.

Uyghurs, "top priority"

A

"top priority"

will also be to fight against human rights violations, citing the forced labor program imposed on Uyghurs and other ethnic and religious minorities.

“Americans and consumers around the world don't want products made with forced labor on store shelves, and workers shouldn't be disadvantaged by a state-orchestrated systematic crackdown

,

writes USTR .

At the same time, the Biden administration promises to make the necessary investments in the United States to help workers, support innovation and thereby improve American competitiveness.

Source: lefigaro

All business articles on 2021-03-01

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.