Biden Administration to Offer ‘Targeted Tariff Exclusion’ on Chinese Goods

Read MoreWASHINGTON–The Biden administration will announce on Monday its “new strategy” on trade relations with China, which will include extending tariff exclusion on certain Chinese goods, according to senior administration officials. U.S. Trade Representative Katherine Tai, in a speech at a Washington think tank on Monday, is planning to reveal the China trade policy of the Biden administration. Her announcement will focus on the bilateral trade agreement and the tariffs on hundreds of billions of dollars of Chinese imports imposed by the previous administration. “First, our objective is not to escalate trade tensions with China or double down on the previous administration’s flawed strategy,” a senior administration official told reporters on Sunday during a conference call ahead of the announcement. As part of the new trade strategy, the office of the U.S. Trade Representative (USTR) will revisit the phase one trade agreement signed between the United States and China in January …