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US News Biden's trade representative-designate defends US customs policy to date

21:41  25 february  2021
21:41  25 february  2021 Source:   pressfrom.com

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The new US administration is not planning a complete departure from the customs policy of former President Donald Trump. "Tariffs are a very important part of our fair trade toolbox," said Trump's successor Joe Biden's trade representative-designate, Katherine Tai, at her Senate nomination hearing on Thursday.

Die neue US-Regierung plant keine komplette Abkehr von der Zollpolitik des früheren Präsidenten Donald Trump. © Bill O'Leary The new US administration is not planning a complete departure from the customs policy of former President Donald Trump. "Tariffs are a very important part of our fair trade toolbox," said Trump's successor Joe Biden's trade representative-designate, Katherine Tai.

The China expert indicated that the US government would adhere to the punitive tariffs imposed by Trump on steel and aluminum imports. There is a "significant problem in the world aluminum and steel market, mainly caused by China's overcapacity," said Tai. "But it's not just a China problem".

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Tai announced it wanted to ensure Beijing honors its commitments under the deal the US and China signed in early 2020 after nearly two years of bitter trade dispute.

The trade representative-designate reaffirmed Biden's commitment to multilateralism. She pointed out that the US was a founding member of the World Trade Organization (WTO). Washington must have "tough and constructive talks" in Geneva to strengthen the WTO, Tai said.

The WTO is one of the most important international organizations in economic policy. Recently, however, it has come under increasing pressure. The appellate body of the organization's dispute settlement mechanism is inoperable because of a blockade by the USA; Under Trump, Washington had also threatened to leave the WTO.

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