A major U.S. retailer says Biden’s management will force American companies to trade with China though it takes a tough deal with Beijing in terms of human rights and international security.
Gina Raimondo, trade secretary and member of President Joe Biden’s cabinet, promised to help US companies gain access to Chinese markets and said she wanted to go there as soon as she contracted coronavirus.
“There is no need to talk about decoupling,” Raimondo told reporters on Monday. “As the President has said, we are not interested in the Cold War with China. It is a huge economic crisis – we want access to their resources, they want access to our resources.”
Raimondo’s comments come as Washington and Beijing clash over China military operations around Taiwan, as a supporter of the Uyghurs in the Xinjiang region and its demolition in Hong Kong.
Earlier this month Biden was arrested call again and Chinese leader Xi Jinping since his presidency to address the crisis in March and the US-China summit.
Biden officials reconsider Trump’s tenure on technology, but US Department of Commerce continues to place Chinese companies on so-called list of items, meaning that US companies need a license to sell complex technologies.
Raimondo has said he wants to work with Europe to implement its ban on foreign technology exports to Chinese companies with US export control, and will continue to discuss this week in Pittsburgh, where US and EU officials are expected to discuss trade and supply chain. story.
He also said the US “should know how to have a stable trade, without compromising national security.
“Export controls do not work, because if we tell American companies ‘You are not allowed to sell certain equipment to a Chinese company’, but they get the same from a European or a European supplier, well then everything we do hurts American companies and deprives them of money,” “said Raimondo, a former Rhode Island ambassador.
Washington has so far not disclosed the results of its review of US policy on China, and has left Donald Trump tax Chinese products are available.
Under Trump, the US did “part 1“Trade agreements with China, to stop the escalating war that has broken out in the global financial markets. According to its policy, China has promised to significantly increase US imports including soybeans and consumer goods.
More show that the world is short of purchases. Raimondo said China “is not yet close to fulfilling its commitments under the agreement.
“I am working and will continue to work with the authorities to hold China accountable,” he said, adding that he was a “clear eye” on “difficult relations”.
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