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When President-elect Joe Biden takes office in mid-January, a new dynamic inevitably will emerge in the U.S.-China relationship. The question is: Will it resemble the reset called for by some prominent Chinese officials, a more adversarial approach suggested by Biden during the campaign, or a mix of competitive and collaborative strategies?
The extensions are set to last through March.
Several industry groups on Tuesday urged the Office of the U.S. Trade Representative not to impose tariffs on Vietnam in response to alleged currency undervaluation, arguing the rising U.S. trade deficit with Vietnam is the result of Section 301 tariffs on China and warning that new tariffs would harm U.S. interests and consumers.
Through November, China had purchased just 67 percent of its 2020 agricultural commitments, according to the tracker.
The Trump administration is hindering efforts to ensure a smooth transition of power, President-elect Joe Biden said on Monday, citing briefings from transition officials about the “critical early investment” needed to ensure the U.S. can rebuild alliances to take on key threats – including China.
Sen. Toomey: “The incoming Biden administration should make a trade agreement with Taiwan a priority.”
In a letter to OMB, Chairman Grassley and seven others say the rule should be designated “economically significant” to ensure “robust analysis of its effects.”
Chinese authorities on Saturday issued regulations setting up a mechanism to review foreign investments for national security implications that would allow authorities to reject or limit practically any foreign investments in China.
The House is set to vote on whether to override the veto on Dec. 28.
The call came as Vietnam faces increased scrutiny in the waning days of the Trump administration.
The omnibus spending and coronavirus relief package Congress passed this week includes requirements for a variety of agencies to issue reports assessing whether China exploited the pandemic to advance its economic and political goals and if partner countries have sufficient export control regimes.
The Commerce Department’s Bureau of Industry and Security has created a “Military End User List” to inform U.S. exporters when they need to apply for licenses to sell to foreign companies in China, Russia and Venezuela, Commerce announced on Monday.
The Biden administration would welcome “early consultations” with the European Union on ways to address mutual concerns about Beijing’s economic practices, Jake Sullivan, President-elect Joe Biden’s pick for national security adviser, said on Monday.
Despite its ongoing criticism of Chinese trade practices, the Trump administration has been largely mum on the dispute.
The Florida senator wants to know how many export licenses have been granted for chips destined for Huawei and why.