Bashing Beijing continues to be a rare area of bipartisan agreement in Washington. That could turn a trade war currently locked in a stalemate hot again. U.S. Trade Representative Katherine Tai told senators on Wednesday that most attempts to get ChinaOne option is another investigation similar to the one in 2017 that spurred former President Donald Trump to impose tariffs on currently about $270 billion of Chinese imports.
Such a process could choke capital flows in a broad array of critical industries including energy, chips, robotics and communications. It would have covered 43% of foreign direct investments in China from 2000 to 2019, according to the. The breadth of the plan could snag venture capital funds, joint ventures and other businesses, though there are exceptions.
China’s relations with the United States would certainly worsen if it meaningfully helped Russian President Vladimir Putin evade sanctions or assisted him militarily. But even if Beijing plays a neutral role, Washington already has other pressure points in the works that would intensify an economic decoupling.- U.S. Trade Representative Katherine Tai on March 30 testified before a U.S. House of Representatives committee on the government’s 2022 trade agenda. In her written testimony, Tai said the United States needed to “turn the page on the old playbook with China, which focused on changing its behavior.
- The U.S. Senate on March 28 approved its version of a plan to boost America’s competitiveness against China in advanced technologies, including semiconductors. That opens the way for the chamber to reconcile its proposal with a similar plan in the U.S. House of Representatives, which includes an overseas investment screening process that targets U.S. private sector funding in China. Another provision would shorten the timeframe to delist Chinese firms on U.S.
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