CNBC
U.S. President Joe Biden’s team will use ‘all available tools’ to fight China’s unfair trade practices, according to a report outlining the new U.S. administration’s trade agenda.
However, the document released on Monday did not specify the tools that the administration will use. It only formalized statements made by Biden and members of his team in the last few months on how they will handle China and other trade priorities.
“Addressing the China challenge will require a comprehensive strategy and more systematic approach than the piecemeal approach of the recent past,” read the report.
“The Biden Administration is conducting a comprehensive review of U.S. trade policy toward China as part of its development of its overall China strategy,” it added. The report outlined a few ‘detrimental actions’ from China, such as barriers to restrict market access, ‘government-sanctioned forced labour programs’ as well as unfair subsidies.
The report also included terms of coercive technology transfers, illicit acquisition and infringement of American intellectual property, censorship and other restrictions on the internet and digital economy.