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A New Approach to U.S. China Trade Relationship

The U.S. Trade Representative (USTR) has laid out the Biden administration’s new approach to the U.S. trade relationship with China.  With the goal of “creating a level playing field for the American workers, farmers, and businesses”, the administration has spent several months examining where the relationship between the U.S. and China stands, and where to take it next.   
The administration has mostly approached this task from a bilateral standpoint, as opposed to the previous administration’s unilateral view. The goal is to ease tensions, not escalate them, with the understanding that the U.S. expects and will enforce China living up to their commitments. 
There are four steps to the USTR’s plan: 

  1.     Discuss China’s performance under phase 1 of the agreement. Are they living up to their commitments? 
  2.     Restarting of the tariff exclusion process to mitigate some costs. 
     
  3.     Address new concerns that were not addressed in phase one. These include state-centered and non-market trade practices, limiting market access, and other coercive and predatory practices in the areas of trade and technology. 
  4.     Work with our allies and partners to help ensure competition is fair, by setting a set of fair rules for trade and technology moving forward. 

The USTR referenced the Boeing-Airbus deal as an example of how building better relationships can create opportunities to sell American products. 
At Allyn we have the personnel, systems, and best practices in place to help guide clients through any trade related issues, with one key example being the Section 301 duties placed on goods from China.   If you are interested in learning more about potential new exclusions or savings potential, please contact Allyn at Sales@allyn.com.


About Allyn International

Allyn International is dedicated to providing high quality, customer centric services and solutions for the global marketplace. Allyn's core products include transportation management, logistics sourcing, freight forwarding, supply chain consulting, tax management and global trade compliance. Allyn clients range from small local businesses to Fortune 500 firms. Allyn conducts business in more than 20 languages and has extensive experience in both developed and emerging markets. Highly trained experts are positioned throughout North and South America, Europe and Asia. Allyn’s regional headquarters are strategically located in Fort Myers, Florida, U.S.A., Shanghai, P.R. China, Prague, Czech Republic, and Dubai, U.A.E. For more information, visit www.allynintl.com.

 

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