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US-China relations
ChinaDiplomacy

China-US trade war: American business calls on Biden to restart talks

  • Dozens of trade associations appeal to the White House to cut import tariffs
  • China has met important benchmarks, they say in letter to US treasury and trade chiefs

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As part of the deal, China said it would buy a large amount of American goods in exchange for a partial cut in US tariffs. Photo: AFP
Wendy Wu
Major US business and industrial associations are calling on the White House to resume trade talks with China and cut import tariffs.

In a letter sent to US Treasury Secretary Janet Yellen and US Trade Representative Katherine Tai on Thursday, nearly 30 major business groups, from the agriculture to the semiconductor and pharmaceutical sectors, said China “has met important benchmarks and commitments that benefit American businesses, farmers, ranchers, and workers”.

It said extra work was also needed to ensure China’s full implementation of the phase one trade deal, which the two countries signed in January last year.
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In the agreement, China said it would buy a large amount of American goods in exchange for a partial cut in US tariffs.

But progress on the purchases lagged because of the pandemic and drastic deterioration of China-US relations since last year. No substantive dialogues have been held between top economic officials of the two biggest economic powers since US President Joe Biden took power.
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“We support the Biden administration holding China accountable to its phase one commitments, and we strongly urge the administration to work with the Chinese government to increase purchases of US goods through the remainder of 2021 and implement all structural commitments of the agreement before its two-year anniversary on February 15, 2022,” the business groups said.

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