A recent report reports that the United States (U.S.) president's appointment will make every effort to counter China's unfair trade practices. However, the document issued does not specify what tools or steps the U.S. administration will use.
However, the document gives an indication that there is a clear reality about the attitude of the U.S. adoption of Chinese trade practices. In fact, it states that the Biden administration will conduct a comprehensive review of the basis of U.S. trade. against China.
The cases that are taken are thought to be the transfer of technology by force, the acquisition and violation of American intellectual property, the failure to do justice to the U.S. company and several more cases. The U.S. Pentadbiran will work with partners and allies to ensure China fulfills its trade responsibilities.
Katherine Tai, a candidate for Biden's U.S. Trade Representative, argues that tariffs are a “legitimate tool” to counter China's state-driven economic model. Trade agreements signed by the U.S. and China last year suspended a tariff fight that threatened the global economy.
Based on data compiled by the Peterson Institute of International Economics, China has so far failed to purchase the necessary quantities of American goods stipulated in trade agreements.
