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Taiwan says will be ‘force for good’ after unprecedented G7 support
  + stars: | 2021-06-14 | by ( ) + 0.99   time to read: +2 min
Leon Neal/Pool via REUTERSTaiwan will be a “force for good” and continue to seek even greater international support, the presidential office said, after the Chinese-claimed island won unprecedented backing from the Group of Seven of major democracies. Taiwan and G7 member countries share basic values ​​such as democracy, freedom, and human rights, he added. Taiwan will continue to deepen its partnership with G7 states and other like-minded countries and strive for greater support from the international community, he said. Taiwan will also "firmly contribute the greatest force for good" for peace, stability, and prosperity in the Indo-Pacific region, Chang added. While most countries, including G7 members, have no formal diplomatic ties with Taiwan, the grouping along with other Western allies have been bolstering their backing for the island.
Persons: Boris Johnson, Joe Biden, Emmanuel Macron, Justin Trudeau, Scott Morrison, Angela Merkel, Cyril Ramaphosa, Moon Jae, Leon Neal, Xavier Chang, Chang Organizations: British, Canadian, Australia's, REUTERS, Sunday, World Health Organization, Thomson Locations: U.S, German, Carbis Bay, Cornwall, Britain, REUTERS Taiwan, China, Xinjiang, Hong Kong, Taiwan Strait, Taiwan
U.S. Trade Representative Tai to hold talks in Britain next week
  + stars: | 2021-06-11 | by ( Andrea Shalal | ) sentiment -0.98   time to read: +2 min
WASHINGTON (Reuters) - U.S. Trade Representative Katherine Tai will travel to Britain on Wednesday and hold talks with British trade minister Elizabeth Truss after participating in a U.S.-European Union summit and holding several bilateral meetings, her office said. On Wednesday, Tai will travel to London and hold bilateral meetings with British trade secretary Elizabeth Truss before returning to the United States, USTR said. The White House has said it will put new trade deals on hold until it has reviewed Trump’s trade policies. Britain and the United States had started talks on a bilateral free trade deal under Trump, but failed to reach an accord before Biden took office. UK ambassador Karen Pierce told Reuters that U.S. officials were supportive of a free trade deal with Britain, but the timing was unclear given other U.S. domestic priorities.
Persons: Katherine Tai, Elizabeth Truss, Pete Marovich, REUTERS Tai, Tai, Valdis Dombrovskis, ” USTR, USTR, Trump, Biden, Karen Pierce Organizations: WASHINGTON, . Trade, Union, Senate, Capitol, REUTERS, AFL, U.S, EU, Transatlantic, Trump, Reuters, European Union Locations: Britain, U.S, Washington , U.S, Brussels, London, United States
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
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
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,
U.S. warship transits Taiwan Strait amid China tensions
  + stars: | 2021-04-07 | by ( Reuters Staff | ) + 0.56   time to read: 1 min
FILE PHOTO: The Arleigh Burke-class guided missile destroyer USS John S. McCain prepares to depart from dry dock at Fleet Activities Yokosuka after an extensive maintenance period in Yokosuka, Japan, November 27, 2018. Mass Communication Specialist 3rd Class Tyra Watson/U.S. Navy/Handout via REUTERSTAIPEI (Reuters) - The guided missile destroyer USS John S. McCain conducted a “routine” transit of the Taiwan Strait on Wednesday, the U.S. Navy said, as China sent more fighter jets into Taiwan’s air defence zone and a Chinese carrier group drilled near Taiwan. “The ship’s transit through the Taiwan Strait demonstrates the U.S. commitment to a free and open Indo-Pacific. The United States military will continue to fly, sail, and operate anywhere international law allows,” the U.S. Navy said in a statement.
Persons: Arleigh Burke, John S, McCain, Tyra Watson Organizations: U.S . Navy, REUTERS TAIPEI, United Locations: Yokosuka, Japan, Taiwan Strait, China, Taiwan, United States
A logo of Taiwan Semiconductor Manufacturing Co (TSMC) is seen at its headquarters in Hsinchu. Intel is building two chip factories in Arizona in order to compete with the semiconductor giant. Taiwan Semiconductor's stock slipped on Wednesday after Intel announced plans to spend $20 billion on two new chip factories in Arizona. Taiwan Semiconductor shares continued their more than month-long fall on Wednesday after the Intel news broke. Taiwan Semiconductor traded down 2.96% as of 9:44 a.m.
Persons: Pat Gelsinger, Gelsinger, Biden, Wedbush's Brad Gastwirth, Wang Mei Organizations: Taiwan Semiconductor Manufacturing, Reuters Taiwan Semiconductor, Intel, Bell, Taiwan Semiconductor, Samsung, Chief Technology, Reuters, Bloomberg Locations: Hsinchu, Arizona, Taiwan, Intel's Arizona, TSMC
U.S. allies have been anxious to start talks with Tai after years of tariffs and tensions during the Trump administration. The White House has said it will put new trade deals on hold until it completes a review of all of Trump’s trade policies. Tai agreed with Canada’s trade minister, Mary Ng, to pursue a ministerial-level meeting of the U.S.-Mexico-Canada trade agreement’s (USMCA) governing body, including Mexico’s trade minister, the USTR office said in a statement. China was a key topic in calls with British trade minister Liz Truss and EU trade commissioner Valdis Dombrovskis. USTR said Tai and Truss agreed to “work constructively to address unfair trade practices of non-market economies, such as China,” including looking at issues such as use of forced labor.
Persons: Katherine Tai, Katherine C, Bill O'Leary, REUTERS Tai, Joe Biden’s, Tai, Trump, Mary Ng, USTR, Liz Truss, Valdis Dombrovskis, , ” USTR Organizations: WASHINGTON, . Trade, European, United States Trade, REUTERS, World Trade Organization, U.S, Seven, WTO, European Union Locations: New, Canada, Britain, Washington ,, China, U.S, Mexico
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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