News Snapshot:
United States Trade Representative Katherine Tai’s much anticipated speech on Monday on the Joe Biden administration’s approach to trade relations with China, despite containing some positive messages, is hugely disappointing as it reflects some of the previous administration’s disastrous measures. Speaking at the Center for Strategic and International Studies in Washington, Tai said the Biden administration will “take a new, holistic, and pragmatic approach” to dealing with the trade relationship with China and “our objective is not to inflame trade tensions with China”. She also talked about “durable coexistence” and dismissed talks of full economic decoupling with China and instead...
