Background

U.S. trade nominee says Biden team backs use of tariffs

“‘Tariffs are a very important part of our fair trade remedies toolbox,’ Tai told the Senate Finance Committee, signaling the new US team on commerce policy had no plans for a complete about-face from the hardline stance of Donald Trump’s government.”

[AFP]

U.S. to impose sweeping rule aimed at China technology threats

“The rule, initially proposed in November, enables the Commerce Department to ban technology-related business transactions that it determines pose a national security threat, part of an effort to secure U.S. supply chains. Companies in technology, telecommunications, finance and other industries say the rule could stifle innovation and hurt competitiveness, and had expected it to be delayed as the administration undertakes a broad review of U.S. policy on Chinese technology.”

[The Wall Street Journal]

China seems to be living up to trade deal pledges, Biden’s Agriculture secretary says

“Vilsack said that the deal allows for market conditions to dictate how much Beijing is required to purchase from U.S. farmers. The Covid pandemic, he added, would qualify as a material market condition that would impact how much China has to buy.”

[CNBC]

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