U.S. trade rep Katherine Tai laid out the next steps, holding China to 'Phase One' agreements and eliminating some tariffs.
Still, fashion is just part of a much larger economic equation that also includes steel, semiconductors, the treatment and detainment of the Uyghur people in Xinjiang and more.
“For too long, China’s lack of adherence to global trading norms has undercut the prosperity of Americans and others around the world,” she said. “In recent years, Beijing has doubled down on its state-centered economic system. It is increasingly clear that China’s plans do not include meaningful reforms to address the concerns that have been shared by the United States and many other countries.
It’s a general approach that is tied into the Biden administration’s plans to also make America more competitive by upgrading its infrastructure. It has a little bit of everything — some tariffs cuts, holding China’s feet to the fire to make sure it keeps its Phase One promises and then addressing broader concerns that cut to the heart of how China operates.
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