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U.S. Business Groups Urge Biden to Restart China Trade Talks

U.S. Business Groups Urge Biden to Restart China Trade Talks

The New York Times
Friday, August 06, 2021 01:13:57 PM UTC

A letter from influential industry organizations asked the White House to resume negotiations on tariffs and other measures that stalled during a bruising trade war.

A group of the most influential American business groups is urging the Biden administration to restart trade talks with China and cut tariffs on Chinese-made goods that had remained in place after the start of the bruising trade war between the two countries. The groups, which represented interests as diverse as potato farmers, microchip companies and the pharmaceutical industry, said in a letter dated Thursday that the Biden administration should take “swift action” to address “burdensome” tariffs. They also called on the White House to work with the Chinese government to ensure that it carries out commitments made in its trade truce with the Trump administration, sealed in early 2020. The letter, addressed to the Treasury Department and the United States trade representative, comes as the relationship between the world’s two largest economies remains fractious. A high-profile visit to China last month by Wendy R. Sherman, the deputy secretary of state, began with acerbic opening remarks from the Chinese side and ended with little sign of progress. The two have squabbled over human rights, cyberattacks and China’s military operations in the South China Sea.
Read full story on The New York Times
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