Washington, 5 October 2021 (GNN/TDI): On Monday, Katherine Tai, US Trade Representative (USTR) stated that the United States looks for “frank conversation” with China on issues such as the implementation phase-one of economic, trade, and industrial agreements.
Tai said that the US-China trade relations and economic relations have profound implications. The way both interact with each other has far-reaching consequences and an enormous impact on the world.
She addressed the Biden administration’s approach towards US-China trade relations at a Washington, D.C. think tank ‘The Center for Strategic and International Studies.
Moreover, Tai suggested that Biden’s Administration is adopting a new, holistic, pragmatic approach to China’s trading relationship as it would collaborate with allies to achieve “truly equitable international trading”.
Furthermore, Craig Allen, President, and CEO of the US-China Business Council stated that the US is signaling its willingness to engage with China on economic and trade affairs.
Hua Chunying, Chinese Foreign Ministry spokesperson, as of last week said that United States should work together with China in order to achieve healthy and sustainable development of China-US Trade and Economic Relations and desired the US to respect the market principles and regulations.