Tag: Tai, Katherine (1974- )

Flush With Investment, New U.S. Factories Face a Familiar Challenge

Media Library

The Biden administration has begun pumping more than $2 trillion into U.S. factories and infrastructure, investing huge sums to try to strengthen American industry and fight climate change. But the effort is facing a familiar threat: a surge of low-priced products from China. That is drawing the attention of President Biden and his aides, who are considering new protectionist measures to make sure American industry can compete against Beijing. As U.S. factories spin up to produce electric vehicles, semiconductors and solar panels, China is flooding the market with similar goods,…

U.S.-China Relations: What to Know

Chin@Strategy

[Follow live updates on the upcoming meeting between President Biden and China’s leader, Xi Jinping.] No relationship is shaping the planet more. And no relationship seethes, across such a wide and consequential set of issues, with more tension and mistrust. The United States and China are profoundly at odds on how people and economies should be governed. The two powers jockey for influence beyond their own shores, compete in technology, and maneuver for military advantages on land, in outer space and in cyberspace. But they are also major trade and…

European Steel Plan Shows Biden’s Bid to Merge Climate and Trade Policy

Chin@Strategy

WASHINGTON — President Biden has promised to use trade policy as a tool to mitigate climate change. This weekend, the administration provided its first look at how it plans to mesh those policy goals, saying the United States and the European Union would try to curb carbon emissions as part of a trade deal covering steel and aluminum. The arrangement, which American and European leaders aim to introduce by 2024, would use tariffs or other tools to encourage the production and trade of metals made with fewer carbon emissions in…

Businesses Push Biden to Develop China Trade Policy

Chin@Strategy

Treasury Secretary Janet L. Yellen told The New York Times this summer that tariffs had harmed American consumers, but she has also warned that Chinese subsidies for exporters pose a challenge for the United States. The United States trade representative, Katherine Tai, has described the tariffs as providing leverage. Understand the Infrastructure Bill One trillion dollar package passed. The Senate passed a sweeping bipartisan infrastructure package on Aug. 10, capping weeks of intense negotiations and debate over the largest federal investment in the nation’s aging public works system in more than a…