This week, U.S. Trade Representative Katherine Tai announced the Biden administration plans to keep existing tariffs on more than $350 billion worth of Chinese goods due to China’s failure to meet the terms of former President Donald Trump’s “Phase 1” trade deal. According to Reuters, Tai said the U.S. would keep all options open as it continues to push China to stop pouring billions of dollars of state subsidies into its semiconductor, steel, and other industries. National Association of Manufacturers President and CEO Jay Timmons said China “remains a hub of bad behaviors — from intellectual property theft to market-distorting industrial subsidies” — and the U.S. needs “a new, holistic, and pragmatic approach to our relationship with China.” 10/5/2021