U.S. trade chief: new legal tools needed to combat future China threats
By David Lawder
13 May 2021
WASHINGTON (Reuters) – The United States needs new trade law tools to head off anti-competitive threats from China against key American high-technology industries, rather than reacting once harm is done, U.S. Trade Representative Katherine Tai said on Thursday.
Tai told a U.S. House Ways and Means Committee hearing that existing trade law tools are more aimed at protecting U.S. industries and companies after they have already been injured by illegal price dumping and subsidies or other unfair competition.
“I would really like to strengthen the trade tools that we have to address the problems we have today,” Tai said, adding that many of the U.S. trade laws are nearly 50 or 60 years old.