WASHINGTON – Today, ITI issued the following reaction to U.S. Trade Representative Katherine Tai’s speech outlining the Biden Administration’s approach to the U.S.-China trade relationship:
“The Biden Administration has recognized that unfair trade practices pursued by the Chinese government have undermined and disrupted competitive markets, placing U.S. and multinational companies at a disadvantage in China and globally,” said ITI’s President and CEO Jason Oxman. “It’s critical that the administration enforce and build on the Phase One agreement to meaningfully address the remaining long-standing issues that companies face in the Chinese market. To achieve this aim, we encourage the administration to pursue a comprehensive strategy that prioritizes active engagement with its Chinese counterparts as well as collaboration with key U.S. partners around the world. Such efforts should be taken with a view to phasing out remaining tariffs in order to better support innovation and the economic recovery. If the complex challenges with China are successfully addressed and stability is restored, then businesses, workers, and consumers in the United States and around the world will benefit.”