Dai Qi said that the U.S. is still waiting to see the next stage of U.S.-China relations.

(Bloomberg)

[Compiled by Wei Guojin/Taipei Report] US Trade Representative Dai Qi pointed out on the 28th that the Biden administration is waiting to see how the shift in China's leadership will affect the economic relationship between the United States and China, and will continue to defend US interests until Beijing makes structural reforms.

Dai Qi said in an exclusive interview with Bloomberg on the 28th, "I think this is really a moment of 'wait and see' and 'to be decided'"; "Everyone is asking this question now, but it is not only about trade, but also about the overall situation of the two countries. relation".

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She noted that she will continue to negotiate with Chinese Vice Premier Liu He for the next four months.

It is unclear who Chinese President Xi Jinping will appoint to replace Liu He, and the matter will not be finalized until next March when the Chinese People's Congress convenes.

Dai Qi did not rule out the possibility of China surprising the world with more market reforms, as the White House prepares to respond to Beijing's tightening grip on the economy, the report said.

"We prepare for no reform action," she said, but the United States also understands that it must also prepare for "any decision that may surprise you," adding that this day may not come soon.

Investors have been jittery over Xi Jinping's consolidation of leadership and his emphasis on promoting greater self-reliance in technology and other sectors.

Dai Qi emphasized that the Biden administration's focus is on responsible management of the relationship between the two countries, and while Washington is focusing on pushing Beijing to carry out structural economic reforms, it hopes that China will do its part.

"We must defend our interests more firmly until the day China decides it's time for structural reforms to bring its system closer to ours," she said.

She added that the U.S. Trade Representative (USTR) will continue to engage with Chinese officials on the phase one U.S.-China trade deal reached by the previous administration.

President Biden has been delaying the rollback of Trump-era tariffs on Chinese imports.

The tariffs cover a wide range of consumer goods, from microchips and chemicals to furniture and apparel.

President Trump invoked Section 301 to impose the tariff sanctions in 2018, and the measure will expire after four years in accordance with the law. However, on the eve of the expiration of the sanctions this year, USTR received more than 400 reservation requests, which have continued to be implemented to this day.

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