USTR Tai says working to counter China’s targeting of strategic industries
March 31, 2022
WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai said on Wednesday that the Biden administration’s trade policy on China is not aimed at a new ‘Phase 2’ agreement with Beijing but on countering Beijing’s plans to dominate strategic industries.
Tai told a Senate Finance Committee hearing that USTR would expand its focus on China’s “industrial targeting practices, where we have seen China again and again corner the market in critical industries.”
(Reporting by David Lawder)