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EU, U.S. reach deal to end Airbus-Boeing trade dispute
  + stars: | 2021-06-15 | by ( ) www.nbcnews.com sentiment -0.86   time to read: +1 min
BRUSSELS — The United States and the European Union reached a deal Tuesday to end a damaging dispute over subsidies to rival plane makers Boeing and Airbus and phase out billions of dollars in punitive tariffs, the U.S. trade envoy said. U.S. Trade Representative Katherine Tai said the two sides have come to terms on a five-year agreement to suspend the tariffs at the center of the dispute. She said they could be reimplemented if the U.S. companies are not able to “compete fairly” with those in Europe. “Today’s announcement resolves a long-standing irritant in the U.S.-EU relationship,” Tai said, as President Joe Biden met with EU leaders in Brussels. This is a developing story and will be updated.
Persons: Katherine Tai, , ” Tai, Joe Biden Organizations: European Union, Boeing, Airbus, . Trade, EU Locations: BRUSSELS, United States, U.S, Europe, Brussels
FILE PHOTO: A staff member stands beside the Taiwanese Central Bank logo in Taipei, Taiwan February 26, 2018. REUTERS/Tyrone Siu/File PhotoThe central bank is seen leaving the benchmark discount rate unchanged at 1.125% on Thursday at its quarterly meeting, all 14 economists in the poll said, after holding fire at its past four meetings. Economic growth in the first quarter rose 8.92% from a year earlier, the strongest quarterly growth in over a decade. “If the central bank raises interest rates at this time, it will drive the Taiwan dollar to rise, which in turn will affect the profitability of manufacturers,” Tai said. The central bank will also give its own revised forecast for economic growth this year on Thursday, having predicted a 4.53% expansion at its last quarterly meeting in March, with exports performing strongly.
Persons: Tyrone Siu, Tai Hsi, ” Tai Organizations: Taiwanese Central Bank, REUTERS, Cathay Securities, Taiwan, Taiwan Semiconductor Manufacturing Co, Apple Inc Locations: TAIPEI, Taipei, Taiwan
WASHINGTON (Reuters) -U.S. Trade Representative Katherine Tai said on Thursday she will accompany President Joe Biden to Brussels next week for “intense negotiations” to try to resolve trade disputes over aircraft subsidies and steel and aluminum. FILE PHOTO: Katherine Tai, nominee for US Trade Representative speaks at the Senate Finance Committee hearing at the US Capitol in Washington, DC, U.S. February 25, 2021. “We’ll participate in intense negotiations to resolve the 16-year-old Boeing/Airbus disputes and to find a path forward on products like steel and aluminum,” Tai said, repeating her upbeat assessment of the talks thus far. “From my conversations so far, I am optimistic that we will be successful,” Tai told the event. Discussions about steel and aluminum tariffs are still in the early stages and will take longer to resolve, the source said.
Persons: Katherine Tai, Joe Biden, , Tasos, REUTERS Tai, “ We’ll, Tai, ” Tai, Biden, Organizations: WASHINGTON, . Trade, US Trade, Senate, REUTERS, AFL, Boeing, Airbus, EU, United Steelworkers, Reuters, Boeing Co Locations: Brussels, Washington , DC, U.S, China
Can Biden Put Workers First in Trade Talks?
  + stars: | 2021-06-10 | by ( Giovanni Russonello | ) www.nytimes.com sentiment -1.00   time to read: +1 min
It also mostly drowned out another announcement on trade policy, one the Biden administration had hoped would send a major signal that it was breaking from the past. Katherine Tai, the U.S. trade representative, told the A.F.L.-C.I.O. during a speech on Thursday that the White House was working to put workers first in its negotiations with its trading partners, a shift from the usual focus on macroeconomics and business interests. In her speech, Tai said the previous approach had “created a trust gap with the public about free trade.”“We want to make trade a force for good that encourages a race to the top,” Tai said. In order to understand how trade affects workers, we want to come meet with, listen to, and learn from them.”Our economics reporter Jeanna Smialek interviewed Tai for an article published ahead of her speech.
Persons: Biden, Katherine Tai, Tai, , ” Tai, , Jeanna Smialek Organizations: White Locations: U.S
FILE PHOTO: U.S. Trade Representative Katherine Tai testifies before the Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies during a hearing on the proposed budget for fiscal year 2022 for the Office of the U.S. Trade Representative on Capitol Hill, in Washington, U.S., April 28, 2021. Bill O'Leary/Pool via REUTERSWASHINGTON (Reuters) - U.S. Trade Representative Katherine Tai said she is optimistic that the United States and Europe can settle a longstanding dispute over aircraft subsidies, leaving them free to focus on larger issues, including China’s nascent aircraft industry. But I want to underscore how optimistic I am,” Tai told Reuters in an interview late Wednesday. Both sides agreed in March to suspend tariffs on billions of dollars of imports in a 16-year-old dispute at the World Trade Organization over subsidies for planemakers Airbus and Boeing. It’s about joining forces and figuring out how we move forward together,” she said.
Persons: Katherine Tai, Bill O'Leary, Tai, Donald Trump’s, ” Tai, , we’ve, Valdis Dombrovskis, Dombrovskis, Organizations: . Trade, Commerce, Justice, Science, U.S . Trade Representative, Capitol, REUTERS WASHINGTON, European Union, Britain, Reuters, World Trade Organization, Airbus, Boeing Locations: Washington , U.S, United States, Europe, Brussels, Washington, China
WASHINGTON (Reuters) -U.S. Trade Representative Katherine Tai said she is optimistic that the United States and Europe can settle a longstanding dispute over aircraft subsidies, leaving them free to focus on larger issues, including China’s nascent aircraft industry. But I want to underscore how optimistic I am,” Tai told Reuters in an interview late Wednesday. Both sides agreed in March to suspend tariffs on billions of dollars of imports in a 16-year-old dispute at the World Trade Organization over subsidies for planemakers Airbus and Boeing. Asked if Washington would remove steel and aluminum tariffs as Europe expects, Tai said the bigger problem was global market distortion, a reference to overproduction by China. She has insisted that any solution to the metals tariff dispute be tied to a solution to global excess production capacity driven by China.
Persons: Katherine Tai, Bill O'Leary, Donald Trump’s, ” Tai, , we’ve, Valdis Dombrovskis, Tai, Dombrovskis, Organizations: WASHINGTON, . Trade, Commerce, Justice, Science, U.S . Trade Representative, Capitol, REUTERS Tai, European Union, Britain, Reuters, World Trade Organization, Airbus, Boeing, European Locations: United States, Europe, Washington , U.S, Brussels, Washington, China, U.S
WASHINGTON/BEIJING (Reuters) -U.S. Trade Representative Katherine Tai said on Wednesday that the United States still faces “very large challenges” in its trade and economic relationship with China that require the Biden administration’s attention across the board. CHALLENGES ‘STILL THERE’Tai told Reuters the Phase 1 trade deal was important but only part of a complex relationship. “The overall challenges that we have with China are also still there and they are very large,” Tai said. Tai said the Phase 1 trade deal should be seen in the context of “the overall U.S.-China trade, and economic relationship which is very, very challenging. And requires our attention all across the board.”The two countries signed the trade deal in January 2020 - just before the COVID-19 pandemic began.
Persons: Katherine Tai, Pete Marovich, REUTERS Tai, Liu He, Tai, Harris, Joe Biden, Biden, , , ” Tai, Donald Trump, Trump Organizations: . Trade, Biden, Senate, Capitol, REUTERS, Reuters, U.S ., Peterson Institute for International Economics Locations: WASHINGTON, BEIJING, United States, China, Washington , U.S, U.S, China’s
FILE PHOTO: U.S. Trade Representative Katherine Tai testifies before the Senate Finance Committee on Capitol Hill in Washington, U.S., May 12, 2021. Susan Walsh/Pool via REUTERSWASHINGTON (Reuters) - U.S. Trade Representative Katherine Tai on Tuesday urged her Mexican and Canadian counterparts to work together to “implement, enforce and fulfill the terms” of the U.S.-Mexico-Canada Agreement to maintain political support for the new trade deal. Tai, in remarks delivered to the first minister-level meeting to review the USMCA’s implementation, said the three countries must take action to make it successful. “For this agreement to be durable, it must serve the needs of everyday people – not just in the United States, but in Mexico and Canada as well. That will only happen if we deliver on our promises,” Tai said.
Persons: Katherine Tai, Susan Walsh, ” Tai Organizations: . Trade, Senate, Capitol, REUTERS WASHINGTON Locations: Washington , U.S, U.S, Mexico, Canada, United States
WASHINGTON (Reuters) -Trade ministers from the United States, Canada and Mexico said on Tuesday they held “robust” talks on the new North American trade deal and pledged to fully enforce its higher standards, while downplaying differences over a range of other irritants. FILE PHOTO: U.S. Trade Representative Katherine Tai testifies before the Senate Finance Committee on Capitol Hill in Washington, U.S., May 12, 2021. The statement came after U.S. Trade Representative Katherine Tai met virtually with Mexican Economy Minister Tatiana Clouthier and Canadian Trade Minister Mary Ng in the initial meeting of the governing body for the trade deal, which regulates some $1.5 trillion in annual North American trade. “For this agreement to be durable, it must serve the needs of everyday people – not just in the United States, but in Mexico and Canada as well. She also said Mexico asked the United States to review its ground transportation rules to ensure that Mexican truckers had access to the U.S. market - a longtime complaint from Mexico City.
Persons: Katherine Tai, Susan Walsh, Tatiana Clouthier, Mary Ng, Tai, ” Tai, Ng, , Luz Maria de la Mora, , Trump, Tuesday’s Organizations: WASHINGTON, . Trade, Senate, Capitol, U.S . Trade, Mexican, Canadian Trade, American Free Trade, Tai chiding, U.S, General Motors Co Locations: United States, Canada, Mexico, American, Washington , U.S, Tai chiding Canada, U.S, Mexico City, San Antonio, States, Mexican, Silao
FILE PHOTO: U.S. Trade Representative Katherine Tai testifies before the Senate Finance Committee on Capitol Hill in Washington, U.S., May 12, 2021. Susan Walsh/Pool via REUTERSWASHINGTON (Reuters) - U.S. Trade Representative Katherine Tai said on Thursday that she believes solutions to trade disputes with the European Union on aircraft subsidies and steel and aluminum tariffs “are within reach.”Tai told the U.S. House of Representatives Ways and Means Committee that she is “very serious” about resolving the 17-year Boeing-Airbus World Trade Organization dispute over subsidies within a four-month tariff truce due to expire this summer. President Joe Biden’s trade chief also told lawmakers that the administration needs to rethink Trade Promotion authority -- the “fast-track” negotiating authority for trade deals that expires on July 1 -- to make it more relevant to a U.S. economy that is recovering from the COVID-19 pandemic.
Persons: Katherine Tai, Susan Walsh, ” Tai, Joe Biden’s Organizations: . Trade, Senate, Capitol, REUTERS WASHINGTON, European Union, U.S . House, Boeing, Airbus World Trade Organization Locations: Washington , U.S, U.S
Vaccine IP waiver could take months for WTO to negotiate: experts
  + stars: | 2021-05-06 | by ( David Lawder | ) www.reuters.com + 0.00   time to read: +4 min
That would give vaccine producers more time to boost global supplies which could help contain the virus and ease pressure for the waiver. The initial IP waiver proposal here by India and South Africa last October included vaccines, treatments, diagnostic kits, ventilators, protective gear and other products related to the COVID-19 pandemic. HAGGLING OVER WORDSU.S. Trade Representative Katherine Tai said on Wednesday that she will pursue “text-based negotiations” on the WTO waiver, the standard but tedious process for trade deal talks. U.S. companies, which strive to influence the USTR’s trade negotiations, are already mobilizing to try to ensure the WTO talks lead to a waiver that’s as narrowly targeted as possible. “It’s good that the WTO hopefully can actually think about a consensus,” Broadman said, adding that he sees slim prospects that a vaccine deal could revive prospects for broader WTO negotiations.
Persons: Joe Biden, Erika Lohr vaccinates, Mike Blake, Ngozi, ” Clete Willems, Willems, Katherine Tai, ” Tai, Mike Crapo, Harry Broadman, Clinton, ” Broadman Organizations: WASHINGTON, World Trade Organization, REUTERS, Trump White House, , . Trade, WTO, Republican, , European Union Locations: California, Chula Vista , California, U.S, India, South Africa, Geneva, Washington, China, Britain, Japan, Switzerland
WASHINGTON (Reuters) - President Joe Biden on Wednesday threw his support behind waiving intellectual property rights for COVID-19 vaccines, bowing to mounting pressure from Democratic lawmakers and more than 100 other countries, but angering pharmaceutical companies. Shares in vaccine makers Moderna Inc and Novavax Inc dropped several percent in regular trade, although Pfizer Inc stock fell only slightly. The United States and several other countries previously blocked negotiations at the WTO about a proposal led by India and South Africa to waive protections for some patents and technology and boost vaccine production in developing countries. Critics of the waiver say producing COVID-19 vaccines is complex and setting up production at new facilities would divert resources from efforts to boost production at existing sites. They say that pharmaceutical companies in rich and developing countries have already reached more than 200 technology transfer agreements to expand delivery of COVID-19 vaccines, a sign the current system is working.
Persons: Joe Biden, Biden, Katherine Tai, ” Tai, Tedros Adhanom, Robert W, Baird, Brian Skorney, , , Jonathan Ernst Biden, Donald Trump, Tai, Amesh Adalja Organizations: WASHINGTON, Wednesday, Democratic, World Trade Organization, Moderna Inc, Novavax Inc, Pfizer Inc, World Health Organization, Twitter, ” Pharmaceutical, American, White, Washington , D.C, REUTERS, WTO, European Union, Britain, COVID, Johns Hopkins Center for Health Security, Pfizer Locations: India, United States, Washington ,, U.S, Nepal, Sri Lanka, South Africa, The U.S, Washington
Biden says he plans to back WTO IP waiver for COVID-19 vaccines
  + stars: | 2021-05-05 | by ( Reuters Staff | ) www.reuters.com sentiment -0.96   time to read: +1 min
Slideshow ( 2 images )WASHINGTON (Reuters) -President Joe Biden on Wednesday threw his support behind a proposed World Trade Organization waiver of intellectual property rights for COVID-19 vaccines, bowing to mounting pressure from Democratic lawmakers and more than 100 other countries. Biden, who had backed a waiver during the 2020 presidential campaign, voiced his support after a speech at the White House. “Yes, I’m going to talk about that later today, yes,” Biden told reporters in reply to a question about whether he intended to back the waiver. Biden’s chief trade negotiator, U.S. Trade Representative Katherine Tai, issued a statement shortly after Biden spoke, announcing the Biden administration’s support for the proposed measure, which would temporarily waive certain IP rights to help countries respond to the COVID-19 pandemic. The United States and several other countries had previously blocked negotiations at the WTO about the waiver proposal led by India and South Africa aimed at helping developing countries to produce COVID-19 vaccines using the IP of pharmaceutical companies.
Persons: Joe Biden, Biden, , ” Biden, Katherine Tai, ” Tai, Tai Organizations: Wednesday, Trade Organization, Democratic, White, . Trade, Administration, WTO Locations: WASHINGTON, United States, India, South Africa
FILE PHOTO: U.S. Trade Representative Katherine Tai testifies before the Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies during a hearing on the proposed budget for fiscal year 2022 for the Office of the U.S. Trade Representative on Capitol Hill, in Washington, U.S., April 28, 2021. Bill O'Leary/Pool via REUTERSWASHINGTON (Reuters) - U.S. Trade Representative Katherine Tai said on Wednesday that she expects to engage with top Chinese trade officials “in the near term” to assess their performance in implementing the “Phase 1” trade agreement between the two countries. Tai told a Financial Times online event that she respects the need for continuity in U.S.-China trade policy, including the two-year “Phase 1” deal implemented last year by the Trump administration. “It’s the agreement that we have, it’s the agreement that we will work from, that we will build from,” Tai said. Cooperation will be needed among many economies to address global warming she said, but climate presents opportunities to develop new industries and compete more fairly based on innovation.
Persons: Katherine Tai, Bill O'Leary, Tai, Trump, , ” Tai, Liu He, Joe Biden’s Organizations: . Trade, Commerce, Justice, Science, U.S . Trade Representative, Capitol, REUTERS WASHINGTON, , Financial Times, U.S, Cooperation Locations: Washington , U.S, China, Beijing
Bill O'Leary/Pool via REUTERSTai told a Financial Times online event that she respects the need for continuity in U.S.-China trade policy, including the two-year trade deal implemented last year by the Trump administration. Washington and Beijing signed the Phase 1 trade deal in January 2020. China also pledged to make regulatory changes on intellectual property protections, agriculture biotechnology and financial services access for U.S. firms. She downplayed prospects for a full free trade deal with the island, which China claims as a wayward province. “I want to disconnect this idea that the only way we do affirmative trade engagement, trade enhancement is through a free trade agreement.
Persons: Katherine Tai, Bill O'Leary, REUTERS Tai, Trump, , ” Tai, Tai, Liu He, Donald Trump, Joe Biden’s, Biden Organizations: WASHINGTON, . Trade, Commerce, Justice, Science, U.S . Trade Representative, Capitol, REUTERS, Financial Times, Biden, U.S, Cooperation Locations: Beijing, Washington , U.S, China, Washington, United States, Taiwan,
FILE PHOTO: U.S. Trade Representative Katherine Tai testifies before the Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies during a hearing on the proposed budget for fiscal year 2022 for the Office of the U.S. Trade Representative on Capitol Hill, in Washington, U.S., April 28, 2021. Bill O'Leary/Pool via REUTERWASHINGTON (Reuters) - U.S. Trade Representative Katherine Tai said on Tuesday that an initial meeting of the U.S.-Mexico-Canada trade agreement’s governing body will include “frank and honest” discussions and she will not be afraid to use the agreement’s enforcement tools. “I expect my Canadian and Mexican counterparts to be very frank and honest with me about how they feel about U.S. implementation, and I will be just as honest with them about concerns that we have in Mexico in Canada,” Tai told a Council of the Americas event. She said the first meeting of the USMCA’s Free Trade Commission, which includes the trade ministers of the three member countries, will take place in coming weeks.
Persons: Katherine Tai, Bill O'Leary, ” Tai Organizations: . Trade, Commerce, Justice, Science, U.S . Trade Representative, Capitol, REUTER WASHINGTON, USMCA’s Free Trade Commission Locations: Washington , U.S, REUTER, U.S, Mexico, Canada
U.S. Trade Representative Katherine Tai testifies before the Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies during a hearing on the proposed budget for fiscal year 2022 for the Office of the U.S. Trade Representative on Capitol Hill, in Washington, U.S., April 28, 2021. Sarah Silbiger/Pool via REUTERSWASHINGTON (Reuters) - U.S. Trade Representative Katherine Tai said she is working hard to resolve a dispute with European Union over U.S. steel and aluminum tariffs and EU retaliation, but any solution will need to address the problem of global excess production capacity for the metals, largely centered in China. Tai, speaking to a U.S. Senate Appropriations subcommittee, said the Section 232 tariffs imposed by former president Donald Trump have had a positive impact on U.S. steel production, but have had costs in terms of retaliatory tariffs. “Solutions that we come to with our trading partners, I believe in my core, really have to address the larger issue around the overcapacity in the market,” Tai said.
Persons: Katherine Tai, Sarah Silbiger, Donald Trump, ” Tai Organizations: Trade, Commerce, Justice, Science, U.S . Trade Representative, Capitol, REUTERS WASHINGTON, . Trade, European Union, U.S Locations: Washington , U.S, China .
Slideshow ( 2 images )WASHINGTON (Reuters) - U.S. Trade Representative Katherine Tai on Wednesday said that her agency will help create “a united front of U.S. allies” on trade issues and use trade policy to boost new clean energy technologies and communities of color. In testimony prepared for a Senate Appropriations subcommittee hearing on USTR’s fiscal 2022 budget request, Tai said she has made it clear to her foreign counterparts “that the United States will rebuild our international alliances and partnerships while re-engaging global institutions.”Tai said that a four-month suspension of tariffs with Britain and the European Union related to a long-running dispute over aircraft subsidies was a “bold step” aimed at resolving these issues. Tai was personally involved in the settlement of a technology dispute between two South Korean electric vehicle battery makers, LG Energy Solution and SK Innovation Co, that had threatened the electric vehicle plans of o Ford Motor Co and Volkswagen AG, among others“The settlement is the type of trade policy I believe we need: it supports a larger strategy for creating jobs and investing in innovation and manufacturing leadership by bolstering sustainable renewable energy supply chains, leveling the playing field, discouraging regulatory arbitrage,” she said in her testimony. Tai’s prepared testimony did not mention her meetings in recent days with major COVID-19 vaccine makers over whether the World Trade Organization should waive certain intellectual property rights to allow more vaccine production developing countries, including Pfizer, AstraZeneca and Novavax. White House spokeswoman Jen Psaki said on Tuesday that the administration was considering such a move, among other efforts, including more domestic production, boost global vaccine supplies.
Persons: Katherine Tai, , Tai, ” Tai, Tai’s, Jen Psaki Organizations: . Trade, European Union, South, LG Energy, SK Innovation Co, Ford, Co, Volkswagen AG, World Trade Organization, Pfizer, AstraZeneca, Novavax Locations: WASHINGTON, U.S, United States, Britain
WASHINGTON (Reuters) -U.S. Trade Representative Katherine Tai said she is working hard to resolve a dispute with the European Union over U.S. steel and aluminum tariffs and EU retaliation, but any solution will need to address the problem of global excess production capacity for the metals, largely in China. “Solutions that we come to with our trading partners, I believe in my core, really have to address the larger issue around the overcapacity in the market,” Tai said. Several times she deflected questions about the tariffs to discuss the need for both the United States and the European Union to join forces to address Chinese excess capacity. But no high-level meeting with senior Chinese officials has yet been scheduled, she said, despite the agreement’s call for semi-annual minister-level consultations. She said she is “not afraid” to use the enforcement provisions in the U.S.-Mexico-Canada Agreement, which was launched last year.
Persons: Katherine Tai, Donald Trump, ” Tai, Tai, Davidson, Biden, Organizations: WASHINGTON, . Trade, European Union, U.S, Biden, EU Locations: China, United States, Beijing, Mexico, Canada, American, U.S
FILE PHOTO: Katherine C. Tai looks on during the Senate Finance committee hearings to examine her nomination to be United States Trade Representative, with the rank of Ambassador, in Washington, DC February 25, 2021. Bill O'Leary/Pool via REUTERSWASHINGTON (Reuters) - U.S. Trade Representative Katherine Tai on Monday announced the immediate suspension of all U.S. engagement with Myanmar under the 2013 Trade and Investment Framework Agreement until the return of a democratically elected government. Tai said in a statement that Myanmar security forces’ killing of peaceful protesters, students, workers and labor leaders and children “has shocked the conscience of the international community.”“These actions are a direct assault on the country’s transition to democracy and the efforts of the Burmese people to achieve a peaceful and prosperous future,” Tai said.
Persons: Katherine C, Bill O'Leary, Katherine Tai, Tai, , ” Tai Organizations: Senate, United States Trade, REUTERS WASHINGTON, . Trade, Monday Locations: Washington ,, Myanmar
WASHINGTON (Reuters) - U.S. Trade Representative Katherine Tai on Friday said she was maintaining the threat of U.S. tariffs on goods from Austria, Britain, India, Italy, Spain and Turkey in retaliation for their digital services taxes. FILE PHOTO: Katherine C. Tai addresses the Senate Finance committee hearings to examine her nomination to be United States Trade Representative, with the rank of ambassador, in Washington, DC February 25, 2021. The taxes target in-country revenues of digital services platforms, such as Facebook, Google, and Amazon.com. The Office of the United States Trade Representative (USTR) announced the decision despite Democratic President Joe Biden’s renewed commitments to pursue a global agreement on digital services taxes through the Organization for Economic Cooperation and Development (OECD). If they do adopt a digital services tax, USTR said it may open a new tariff probe.
Persons: Katherine Tai, Katherine C, Bill O'Leary, Tai, Trump, Joe Biden’s, USTR, ” Tai, Organizations: WASHINGTON, . Trade, United States Trade, American, Facebook, Google, United States Trade Representative, Democratic, Organization for Economic Cooperation, Development, European Union, OECD, Internet Association, United, U.S Locations: U.S, Austria, Britain, India, Italy, Spain, Turkey, Washington ,, Brazil, Czech Republic, Indonesia, United States, French
NEW YORK/WASHINGTON (Reuters) -President-elect Joe Biden has selected Katherine Tai, the chief trade lawyer for the House Ways and Means Committee, to serve as U.S. trade representative, four sources familiar with the decision said on Wednesday. If confirmed as Biden’s “trade czar,” Tai will play a pivotal role in helping to rebuild ties with key allies, re-energize manufacturing at home and punish Beijing for anti-competitive trade practices. Biden is expected to formally announce Tai as his top trade negotiator later this week, said one of the sources. A spokesman for the Biden transition declined to comment on the news, which was first reported by Politico. A Yale and Harvard-educated Chinese American who speaks Mandarin and taught university English for two years in Guangzhou, Tai headed China trade enforcement at the U.S. Trade Representative’s office (USTR) from 2011 to 2014.
Persons: Joe Biden, Katherine Tai, General Lloyd Austin, Kevin Lamarque Tai, Trump, ” Tai, Biden, Tai, litigating, Robert Lighthizer, Ron Wyden, Tai “, , Ms, David Skillman, “ Katherine, Katherine Organizations: WASHINGTON, . U.S, REUTERS, Reuters, Politico, Yale, Harvard, U.S . Trade, World Trade Organization, Senate Finance Committee, Republican, Arnold Locations: ., Wilmington , Delaware, U.S, Mexico, Canada, Beijing, Guangzhou, Tai, China, United States, Porter
NEW YORK/WASHINGTON (Reuters) - President-elect Joe Biden has selected Katherine Tai, the chief trade lawyer for the House Ways and Means Committee, to serve as U.S. trade representative, four sources familiar with the decision said on Wednesday. If confirmed as Biden’s “trade czar,” Tai will play a pivotal role in helping to rebuild ties with key allies, re-energize manufacturing at home and punish Beijing for anti-competitive trade practices. Biden is expected to formally announce Tai as his top trade negotiator later this week, said one of the sources. A spokesman for the Biden transition declined to comment on the news, which was first reported by Politico. A Yale and Harvard-educated Chinese American who speaks Mandarin and taught university English for two years in Guangzhou, Tai headed China trade enforcement at the U.S. Trade Representative’s office (USTR) from 2011 to 2014.
Persons: Joe Biden, Katherine Tai, General Lloyd Austin, Kevin Lamarque Tai, Trump, ” Tai, Biden, Tai, litigating, Robert Lighthizer, Ron Wyden, Tai “, , Ms, David Skillman, “ Katherine, Katherine Organizations: WASHINGTON, . U.S, REUTERS, Reuters, Politico, Yale, Harvard, U.S . Trade, World Trade Organization, Senate Finance Committee, Republican, Arnold Locations: ., Wilmington , Delaware, U.S, Mexico, Canada, Beijing, Guangzhou, Tai, China, United States, Porter
WASHINGTON (Reuters) - As President-elect Joe Biden builds his economic team in the coming days, some influential lawmakers are urging him to choose Katherine Tai, the Democratic trade counsel on the House of Representatives’ Ways and Means Committee, as U.S. trade representative. The job, sometimes called the “trade czar,” is expected to be a lynchpin position as Biden pledges to reverse predecessor Donald Trump’s “America First” policies, build jobs at home, and punish Beijing for anti-competitive trade practices. A Yale and Harvard-educated Chinese-American who speaks fluent Mandarin and taught university English for two years in Guangzhou, Tai also headed China trade enforcement at the U.S. Trade Representative’s office (USTR) from 2011 to 2014, litigating trade violation cases before the World Trade Organization. Tai, 45, did not respond to a request for comment and a spokeswoman for the House Ways and Means Committee said she was not granting interviews at this time. Tai faces stiff competition for the USTR post from Michael Wessel, a member of the U.S.-China Economic and Security Review Commission, and Representative Jimmy Gomez, a Ways and Means Committee Democrat from California.
Persons: Joe Biden, Katherine Tai, , Biden, Donald Trump’s “, Tai, Trump, “ Katherine Tai, Sherrod Brown, , ” Brown, Earl Blumenauer, Reuters Tai, Robert Lighthizer, China ”, ” Tai, Michael Wessel, Jimmy Gomez, Don Beyer, Nancy Pelosi Organizations: WASHINGTON, Democratic, Yale, Harvard, U.S . Trade, World Trade Organization, USTR, Democrat, Finance, Reuters, Capitol, Biden, , Center, American Progress, U.S ., China Economic, Security, Commission Locations: Beijing, U.S, Mexico, Canada, Guangzhou, Tai, China, CHINA, United States, California
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