‘Economic Misalignment’ With China Is Focus of US Trade Czar
- Phase 1 pact is one structure amid systemic distortions
- USTR Tai looking at ‘non-market’ distortions to US economy
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The top US trade official is more focused on the distortions to the American economy caused by China’s nonmarket policies than certain violations of a trade agreement between the two countries.
“Distortions from the Chinese market are systemic,” US Trade Representative Katherine Tai said Thursday in Denver. “I think of the Phase 1 agreement as one particular structure that was an agreement that was struck by the Trump Administration a couple of years ago.”