News Snapshot:
US Trade Representative Katherine Tai suggested on Wednesday that punitive tariffs on Chinese imports will not come down until Beijing adopts more market-oriented trade and economic principles. Speaking in a discussion organised by the Carnegie Endowment for International Peace, Tai elaborated on US President Joe Biden ’s economic strategy with respect to China , characterising it as the result of “an awakening” to the different histories and governance principles that have prevented Beijing from adopting what Washington expects from World Trade Organization members. “What we really want from China in terms of economics and trade is for the Chinese economy...
