The Trump administration continues to tout progress made by the U.S. and China as they implement a phase-one trade deal amid a global health crisis.
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The White House this week published a long-overdue strategy document outlining a “whole-of-government” approach to counter a variety of Chinese policies, including trade and economic practices that the president has often criticized.
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As long as China continues to make a good-faith effort to make good on its promises in its phase-one agreement with the U.S., including agricultural purchases, the Trump administration should not pull out of the deal, Senate Finance Committee Chairman Chuck Grassley (R-IA) said on Tuesday, arguing that Beijing should be given leeway because of the pandemic-related economic downturn.
With the relationship between Washington, DC, and Beijing as fraught as it has been in a generation, the Trump administration runs the risk of making a bad situation worse if the president opts to terminate the U.S.-China phase-one agreement, China analysts tell Inside U.S. Trade.
The Export-Import Bank is seeking industry input on how it might change its U.S. content requirement for the technology sector so companies can receive more financing and be more competitive against China, agency officials said on Thursday.
U.S. and Chinese officials on Tuesday endorsed the status quo for the phase-one trade agreement the two sides signed in January, refuting talk of renegotiation or termination.
The Commerce Department on Tuesday self-initiated a circumvention inquiry involving stainless steel products from China that are completed in Vietnam and then exported to the U.S.
China’s ambassador to the World Trade Organization, Zhang Xiangchen, said on Tuesday he was disappointed members had not united more amid the novel coronavirus pandemic, blaming a lack of leadership and trust among the membership.
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