USA: Little change seen in ‘new approach’ on China trade

Published 2021년 10월 13일

Tridge summary

California agricultural exporters are waiting for developments in U.S.-China trade relations, hoping for the lifting of tariffs that have impacted their exports to China. U.S. Trade Representative Ambassador Katherine Tai mentioned discussing China's commitments under the Phase 1 trade agreement, but no significant changes in trade policy are expected. California farm groups point out that not all commodities have benefited from the Phase 1 agreement, and the Biden administration is also looking at other market opportunities. Despite challenges, California almond exports hit a record high in 2020, and there is interest in joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. The article also highlights the importance of U.S. engagement at the World Trade Organization to hold governments to their market opening promises.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

California agricultural exporters looking for improved U.S.-China trade relations—and lifting of Chinese retaliatory tariffs on farm goods they hope to sell to the Asian market giant—may need to hang tight. Some farm groups welcomed remarks last week by U.S. Trade Representative Ambassador Katherine Tai on the Biden administration's "new approach" to the U.S.-China relationship. Tai said she plans to discuss with China its commitments under last year's U.S.-China Phase 1 trade agreement, though offered few details. "We will use the full range of tools we have and develop new tools as needed to defend American economic interests from harmful policies and practices," she said. "She very carefully said nothing," said Dan Sumner, an agricultural economist at the University of California, Davis. He said he took Tai's comments to mean there would be no significant changes from how the administration has approached trade policy during the past nine months, "which was no change from ...
Source: Agalert

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