US Trade Chief to Unveil Biden’s China Trade Strategy and Vow Enforcement of Trump-Era Deal

Read MoreU.S. Trade Representative Katherine Tai will on Monday deliver long-awaited remarks outlining the Biden administration’s trade strategy with China, with a senior administration official saying Tai will condemn Beijing’s unfair trade practices and discuss holding it to account for commitments made under a Trump-era deal. Tai is scheduled to speak at at the Center for Strategic and International Studies (CSIS), a Washington think-tank, at 10 a.m., ET, where she is expected to say that Washington must enforce the terms of the “Phase 1” trade deal Beijing struck with President Donald Trump, the official said. One of the ways Trump sought to address Beijing’s hostile trade policies and whittle down the U.S.-China trade deficit that he was deeply critical of was by negotiating a deal built around a pledge by Beijing to buy $200 billion more in U.S. goods and services over 2020 and 2021. According to the Peterson Institute for International Economics (PIIE), a …