U.S. Trade Representative Katherine Tai on Monday will seek new talks with China over its failure to keep promises made in a 'Phase 1' trade deal struck with former president Donald Trump, but will not pursue 'Phase 2' negotiations over Beijing's state subsidies and other structural issues.
Chinese and U.S. flags flutter outside a company building in Shanghai, China April 14, 2021. REUTERS/Aly SongWASHINGTON, Oct 4 - U.S. Trade Representative Katherine Tai on Monday will seek new talks with China over its failure to keep promises made in a "Phase 1" trade deal struck with former president Donald Trump, but will not pursue "Phase 2" negotiations over Beijing's state subsidies and other structural issues.
"For too long, China's lack of adherence to global trading norms has undercut the prosperity of Americans and others around the world," Tai is expected to say during her remarks, according to excerpts from her speech shared by the White House. Tai will also say that she intends to have "frank conversations" with her counterpart in China.
The deal, which halted escalation of a trade war that heaped tariffs on hundreds of billions of dollars worth of goods from both countries, also called for China to improve protections for some U.S. intellectual property and market access for American agricultural biotechnology and financial services firms.
Tai will run through a history of China's failure to live up to its trade and reform commitments over the past two decades, from its accession to the World Trade Organization to the Phase 1 deal, the officials said.
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