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Biden Trade Rep Says US Not Ready To “Yank” Trump’s China Tariffs

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From Zero Hedge:
Biden Trade Rep Says US Not Ready To “Yank” Trump’s China Tariffs

In an important US-China development addressing the question of “what’s next” in the still burning and spiraling relations amid the trade war, over the weekend President Biden’s new US Trade Representative Katherine Tai told The Wall Street Journal the administration is not ready to lift Trump’s tariffs on Chinese goods.

“I have heard people say, ‘Please just take these tariffs off,'” Tai said. Prior to just “yanking off tariffs,” the recently sworn in Tai — who is a Taiwanese American attorney and the first Asian-American to hold the post of the country’s top trade negotiator — said it must be “communicated in a way so that the actors in the economy can make adjustments.”

Image source: Nikkei via Kyodo and AP

“Whether they are companies, traders [or] manufacturers, the ability to plan” is important, she added in her comments. Explaining the need for a strategic advantage and prudent use of pressure during any potential new trade deal talks, she quipped, “No negotiator walks away from leverage, right?” 

“Every good negotiator retains his or her leverage to use it,” she posed to her own question. “Every good negotiator is going to keep all of their options open.”

As a reminder this is yet another example of Trump’s foreign policies essentially being adopted as Biden’s foreign policies on many fronts, despite the mainstream media attempting to convey a vast chasm between the two.

Quoting Tai’s words from the Sunday WSJ report, Newsmax correctly put it in context as follows:

Tai echoed Trump’s contention tariffs are intended “to remedy an unbalanced and unfair trade situation.”

The 47-year old Tai served as a staffer of the House Ways and Means Committee during the Trump administration, helping to craft Trump’s U.S.-Mexico-Canada Agreement that replaced NAFTA.

Her ethnic background and outspokenness on China – as well as the fact that she’s a fluent Mandarin speaker – has riled Beijing.

For example a Chinese official’s social media post cited in the latest WSJ report as saying, “This trade representative with Chinese blood has always been a woman who is not friendly to China.”

Tyler Durden
Mon, 03/29/2021 – 20:00
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