Business Maverick: U.S. Patience With China Wears Thin as Trade-Deal Pledges Unmet

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The U.S. is losing patience with China after the nation failed to meet its purchase commitments under their trade agreement reached during the Trump administration, according to American officials.

The U.S. has engaged with China’s government on the shortfalls, but hasn’t seen any real signs of the nation making good on its commitments over the last several months, the officials said, asking not to be named without permission to speak publicly.While China continues to talk with the U.S., the Biden administration wants the nation to take concrete action, and that hasn’t happened, the officials said.

The Biden administration took months at its start to review its predecessor’s policy toward China and deliberate on a new direction to deal with Beijing’s economic practices, putting its initial focus on domestic policy and Covid-19 relief. The U.S. has maintained tariffs on more than $300 billion of annual Chinese exports as leverage.

Last month, both Tai and her deputy in charge of Asia, Sarah Bianchi, said talks with Chinese counterparts on trade issues have been “China’s lack of compliance with the deal is the purview of the USTR and the White House is in close touch with Tai’s office about updates on the process, spokeswoman Jen Psaki said.

 

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