Tai calls for new trade ‘tools’ to better compete with China
U.S. Trade Representative Katherine Tai on Wednesday told lawmakers the U.S. needs new trade tools to address “2021 challenges” and better compete with China. Early in a Senate Finance Committee hearing on the Biden administration’s trade policy agenda, Tai was asked by the panel’s chairman, Sen. Ron Wyden (D-OR), whether USTR has enough tools at its disposal to level the playing field with China. Tai called for updated laws, contending that one tool in particular -- Section 232 of the...