Tai says top-to-bottom China trade review will examine phase one, tariffs, exclusions
U.S. Trade Representative Katherine Tai says the “top-to-bottom” review of China trade policy will examine the Phase One Agreement, tariffs, and exclusions.
“This is a really important opportunity for us to undertake a comprehensive review of the US-China trade and economic relationship as it is today with reference to the last review that was conducted 16 years ago and to look at all the components of the US-China trade policy including the Phase One Trade Agreement, tariffs, and the exclusions,” she says.
U.S. senator Rob Portman, as a former U.S. Trade Representative during President George W. Bush’s administration, conducted the first “top-to-bottom” review.
Speaking during a House Ways and Means Committee hearing today, Tai said the review will help shape a long-term strategy.
“This is an opportunity to strategically think through what are the components going to be of an effective strategy, what right now is effective, what could be more effective,” she says.
Tai says the goal is to address challenges and find solutions that will benefit the U.S. economy today and in the future.