The new House select committee on China will include a handful of Republicans who served on a GOP-only task force focused on U.S. policy toward Beijing, as well as several members of the Taiwan Caucus, House Speaker Kevin McCarthy (R-CA) announced this week.
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The U.S. is a “unilateral bully” that views itself as above the law, in direct contradiction to its World Trade Organization obligations, China said on Friday during a meeting in which the U.S. appealed – to a defunct Appellate Body – disputes related to national security and accused Beijing of forcing its hand by undermining the WTO first.
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The Biden administration is aiming to complete its two flagship regional initiatives – the Indo-Pacific Economic Framework and the Americas Partnership for Economic Prosperity – this year, Under Secretary of State for Economic Growth, Energy and the Environment Jose Fernandez said on Tuesday, while also acknowledging that APEP was “a little bit behind.”
The new House select committee on China should prioritize immigration and economic issues, including trade, in addition to national security, Rep. Ro Khanna (D-CA) said last week.
The Office of the U.S. Trade Representative last year asked for input on its review of Section 301 tariffs imposed by the Trump administration on Chinese goods -- and it got what it asked for, as hundreds of companies, associations and others have laid out their positions on whether the duties should remain.
Negotiators from the U.S. and Taiwan on Tuesday completed a round of talks on a host of issues including trade facilitation and good regulatory practices, reaching “consensus” in some areas and committing to an ambitious schedule for future discussions, according to the Office of the U.S. Trade Representative.
The U.S. can reverse a “downward trend” on trade by including market-access provisions in Indo-Pacific Economic Framework for Prosperity negotiations, resuming free trade talks with the United Kingdom and Kenya and addressing ongoing issues with China, U.S. Chamber of Commerce CEO Suzanne Clark said on Thursday.
The U.S. has accepted China’s request for consultations at the World Trade Organization over Biden administration export controls aimed at restricting Beijing’s access to advance chips and indicated it views the issue as a matter of national security, which the U.S. continues to insist means the WTO has no jurisdiction.
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