Chicoms not living up to trade agreements with US
One of the highest priorities of the Biden administration’s trade agenda is resetting the U.S.-China trade relationship with a view to putting American farmers and exporters on a level playing field with their Chinese counterparts, U.S. Trade Representative Katherine Tai said on March 30.
In a prepared statement before a House Ways & Means Committee hearing, Tai criticized the prominent role of state-owned enterprises in China’s imports and exports as well as “labor rights suppression, a weak environmental regime, [and] other distortions that put market-oriented participants out of business.”
She also noted Beijing’s failure to meet purchase commitments under the “phase one” trade agreement signed in January 2020. Those purchase agreements stipulated that China would import at least $200 million more of U.S. goods and products in 2020-2021 than the country bought in 2017.
“We absolutely need to enforce all our agreements, phase one included, and that’s why we’ve spent the last several months fighting for our farmers who have a lot at stake in the purchase agreements,” Tai said during the hearing.
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What the administration needs to do is start blocking sales of Chicom material in the US until China abides by its agreements. With recent evidence showing the Biden family deals with China, there is a case that the President is compromised on his dealings with China.
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