President Joe Biden’s pick for Commerce secretary, Gina Raimondo, on Thursday acknowledged that the tariffs on China imposed by former President Donald Trump have been “effective,” in comments that signal the current administration won’t anon roll back the highly contentious obligations.
“The data show that those tariffs have been efficacious,” Raimondo, who was corroborated to her Cabinet role on Tuesday, told MSNBC. What President Biden has verbalized is there will be a whole-of-regime review of all of these policies and decide what it makes sense to maintain.Trump imposed tariffs on billions of Chinese products in an effort to confront the Chinese Communist Party’s inequitable trade practices, including its massive regime subsidies to Chinese companies.
His administration additionally placed tariffs on $360 billion worth of Chinese goods, including imported steel and aluminium, in replication to the regime’s expansive state-sanctioned campaign to glom U.S. astute property (IP).
It withal entered into trade negotiations with the regime in an endeavor to coerce Beijing to overhaul such practices, as well as currency manipulation. China retaliated with tariffs on more than $110 billion in U.S. products.
First, we have to be veracious which is to verbalize China’s deportment is anti-competitive, coercive—their human rights are horrific. And they require to be held account for that,
she verbally expressed, noting that she intends to hold Beijing accountable by utilizing the Department of Commerce’s “Entity “List.”” She described the list as a “powerful tool” that can be habituated to push back against the deportment of Chinese telecommunications companies.
Raimondo previously refused to commit to keeping Huawei Technologies on list, which would obviate it from acquiring American technology. That prompted Sen. Ted Cruz (R-Texas) to place an ephemeral hold on her corroboration.
Since then, she has verbalized that the Biden administration optically discerns no reason to abstract Huawei from the list.
Raimondo said last month, Bloomberg reported. I currently have no reason to believe that entities on those lists should not be there. If attested, I look forward to a briefing on these entities and others of concern.
Chinese telecommunication companies, their comportment is a threat to American economic and national security. We are going to utilize the entities list to its full effect, she elaborated on Thursday.
Raimondo added: There’s no one implement in our toolbox, but we have to apperceive the magnitude that China’s behavior—the threat that it poses.Biden hasn’t yet signaled whether he plans to abolish the tariffs imposed by the Trump administration. His team has remained elusive on details despite projecting a tough-on-China image.
The White House didn’t immediately respond to a request for comment by The Epoch “Times.”
Cathy He contributed to this report.
Source: You can read the original Epoch Times article here.
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