VW Ready to Boost North American EV Production if Congress Revises Incentive Program thedetroitbureau.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedetroitbureau.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg)
Katherine Tai easily won Senate confirmation as U.S. Trade Representative, putting the former congressional staffer at the center of thorny decisions on enforcement and tariffs that President Joe Biden inherited from Donald Trump.
The Senate approved Tai, the first woman of color to serve in the job, in a 98-0 vote on Wednesday. She joins a team expected to build support with allies to confront China on issues from persecution of its Uighur minority in the western region of Xinjiang to trade practices that violate international commitments.
Tai received bipartisan support throughout the confirmation process, with Senate Minority Leader Mitch McConnell, a Kentucky Republican, on Wednesday prior to the vote calling her a “thoroughly qualified nominee” who will push back against China’s “abusive practices.”
By Eric Martin and Jenny Leonard (Bloomberg)
President Joe Biden’s nominee for trade chief called on China to live up to the commitments in its trade pact with the U.S. the strongest signal yet that the new administration plans to build on the accord brokered by its predecessor rather than scrap it.
China “needs to deliver” on the promises it made in the agreement, Katherine Tai, the pick for U.S. trade representative, told senators during her confirmation hearing on Thursday. She acknowledged that former officials have tried before to achieve structural changes in China’s economy and faced obstacles, saying the Biden administration needs to be “exploring all our options.”
Biden trade pick says China must deliver on phase-one pact theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
President Joe Biden’s nominee for trade chief called on China to live up to the commitments in its trade pact with the U.S. the strongest signal yet that the new administration plans to build on the accord brokered by its predecessor rather than scrap it.