U.S.-China trade policy announced, seek dialogue but keep pressure on the CCP

Translated by: MOS Education Group – Winsun

On October 4, U.S. Trade Representative Dai Qi stated in a speech on China’s trade policy in Washington that China had failed to fully implement the contents of the “Phase One Trade Agreement” reached with the Trump administration.  Trade measures include the initiation of the “Section 301 investigation” and the levy of new tariffs.  In addition, the US does not intend to start the so-called “second-stage trade negotiations” with China.

 Up to now, the CCP has only completed 62% of its procurement target for the United States this year.  Dai Qi said that after several months of the comprehensive evaluation, China has never changed its non-market trade behavior, and in recent years it has placed more emphasis on maintaining the CCP’s economic system at its core.

 Gary Hafbauer, a senior researcher at the Peterson Institute for International Economics, said that the trade policy toward China demonstrated by Dai Qi’s speech was tougher than expected. The Biden administration’s assessment of China’s trade policy for more than seven months concluded conclusion is that more negotiations cannot make China change its approach.

But Dai Qi also stated that the Biden administration does not seek to intensify trade tensions with China, and used the new term “enduring coexistence” when expounding the goals of the Biden administration’s trade policy with China.

References:

https://www.voachinese.com/a/katherine-tai-china-trade-20211004/6256872.html

Edited by: Eglise Bell 圣母院钟声

Proofread by: Eglise Bell 圣母院钟声

Posted by: Eglise Bell 圣母院钟声

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