Political and Legislative
U.S. Trade Representative Says There Are No Plans of Lifting Tariffs on China
U.S. Trade Representative Katherine Tai said the U.S. does not have plans to lift tariffs on China in the near future, but signaled a potential openness to trade negotiations in Beijing.
In an interview with The Wall Street Journal, the first since her Senate confirmation, Tai said she understands that tariffs could have an adverse effect on U.S. businesses and consumers, but also recognized the stance among some that the taxes help protect companies from subsidized foreign competition.
“I have heard people say, ‘Please just take these tariffs off,’” Tai told The Journal. She added, though, that “yanking off tariffs” could hurt the economy unless the change is “communicated in a way so that the actors in the economy can make adjustments.”
