Washington — Wednesday’s U.S. government vows to continue fighting what is considered a significant trade barrier harming U.S. businesses and farmers, creating overcapacity in Beijing in several sectors Selected as “the world’s leading criminal”.
The Office of the United States Trade Representative said the annual report on this issue presented “a significant barrier to presenting key policy issues affecting future US growth opportunities and the fairness of the global economy.”
It said it would work with the diplomatic government on a variety of issues that threaten US exporters, including digital policies, agricultural trade barriers and technological barriers.
It also vowed to work on subsidies from the Chinese government, which could create excess production capacity in the steel, aluminum and solar sectors and soon affect other industries.
The report revealed that US Trade Representative Katherine Tai plans to continue the previous administration’s hard-line approach to foreign trade practices that impede US export growth. She promised to work more with her US allies.
U.S. trading partners long to meet with Thailand and understand how the Biden administration will shift its trade policy after four years of devastating tariffs imposed by former President Donald Trump’s administration. I was waiting for you.
The 570-page National Trade Estimate Report released Wednesday continues to challenge communist China and other countries, where Washington imposes trade barriers or other regulatory hurdles and restricts access to U.S. companies. I showed that.
“A state-led approach to China’s economy and trade is in creating non-economic capacity, as evidenced by the serious and sustainable overcapacity situation in some industries such as steel, aluminum and solar. It has become a world-leading criminal, “USTR said in a statement.
Beijing “invested hundreds of billions of dollars” to support Chinese companies under the Made in China 2025 Industrial Plan, domestic and global market share.
The USTR said it would continue bilateral and multilateral efforts to address such “harmful trade practices.”
Concerns were also raised about the data restrictions imposed by India, China, South Korea, Vietnam and Turkey. Russian software requirements. Indonesian tariffs on digital products. Local content requirements in many countries and discriminatory tax measures in Austria, India, Italy, Spain, Turkey and the United Kingdom.
He said he would continue to involve foreign governments in policies that complicate US digital product and service exports and undermine the ability of US companies to move data across national borders.
The report also states, “Continuous in the agricultural sector, including non-scientific regulatory measures, opaque approval processes for agricultural biotechnology products, cumbersome import license and certification requirements, and restrictions on the ability of US producers to use common names. Cited concerns about the products they produce and export. “
By Andrea Shalal and David Lawder