{"id":4728,"date":"2021-03-09T21:09:04","date_gmt":"2021-03-09T21:09:04","guid":{"rendered":"https:\/\/siships.com\/?p=4728"},"modified":"2021-03-09T21:09:04","modified_gmt":"2021-03-09T21:09:04","slug":"biden-administration-us-china-trade-war","status":"publish","type":"post","link":"https:\/\/siships.com\/blog\/biden-administration-us-china-trade-war\/","title":{"rendered":"The Biden Administration on the US-China Trade War"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">U.S. Trade Representative on the Trade War<\/span><\/h2>\n<p><img loading=\"lazy\" class=\" wp-image-4732 alignright\" src=\"http:\/\/siships.com\/blog\/wp-content\/uploads\/2021\/03\/US-China-Trade-War-Biden-Administration-683x1024.jpg\" alt=\"US-China Trade War Biden Administration\" width=\"397\" height=\"595\" srcset=\"https:\/\/siships.com\/blog\/wp-content\/uploads\/2021\/03\/US-China-Trade-War-Biden-Administration-683x1024.jpg 683w, https:\/\/siships.com\/blog\/wp-content\/uploads\/2021\/03\/US-China-Trade-War-Biden-Administration-200x300.jpg 200w, https:\/\/siships.com\/blog\/wp-content\/uploads\/2021\/03\/US-China-Trade-War-Biden-Administration-768x1152.jpg 768w, https:\/\/siships.com\/blog\/wp-content\/uploads\/2021\/03\/US-China-Trade-War-Biden-Administration-1024x1536.jpg 1024w, https:\/\/siships.com\/blog\/wp-content\/uploads\/2021\/03\/US-China-Trade-War-Biden-Administration-1365x2048.jpg 1365w, https:\/\/siships.com\/blog\/wp-content\/uploads\/2021\/03\/US-China-Trade-War-Biden-Administration-1144x1716.jpg 1144w, https:\/\/siships.com\/blog\/wp-content\/uploads\/2021\/03\/US-China-Trade-War-Biden-Administration-scaled.jpg 1707w\" sizes=\"(max-width: 397px) 100vw, 397px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">All eyes are on President Joe Biden\u2019s administration, and specifically newly elected U.S. trade representative, Katherine Tai, in anticipation of the United States\u2019 next steps in the <a href=\"https:\/\/thediplomat.com\/2021\/03\/the-us-china-trade-war-is-still-happening\/\" target=\"_blank\" rel=\"noopener noreferrer\">US-China trade war<\/a>. Tai, confirmed at the end of February, made it clear that the administration is determined to achieve structural changes in China\u2019s economy by \u201cexploring all our options\u201d. She intends to accomplish this through intentional systematic processes and a regulatory-driven approach. Tai exemplified these qualities during her confirmation hearing when she answered senators&#8217; questions with control and displayed her understanding of what needs to be accomplished.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">What has the Biden Administration Accomplished?<\/span><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Thus far, the Biden administration has made no changes to tariff structures. However, Biden did sign an executive order in February to examine global supply chains in four key industries that were greatly affected by the COVID-19 pandemic and simultaneously the U.S.-China trade war. The industries include computer chips, large-capacity electric vehicle batteries, pharmaceuticals, and critical minerals in electronics.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">This marks Biden\u2019s first and formative action surrounding his administrations\u2019 supply chain strategy. The 100-day government review is clearly intended to understand the past and avoid repeat mistakes in the future. Mistakes including but not limited to shortages of personal protective gear, <a href=\"https:\/\/siships.com\/covid-19-creates-unprecedented-container-shipping-disruption\" target=\"_blank\" rel=\"noopener noreferrer\">shipping containers<\/a><\/span><span style=\"font-weight: 400;\">, and other essentials. The equally critical goal of the review is to discern to what degree industries are at risk and, eventually, how to move suppliers out of potentially vulnerable situations.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Biden is seeking to hold himself to the campaign pledge of investing in America while also attempting to secure goods from friendly nations. One of the ways the administration has supported domestic production in their first few months has been to award a $30 million contract to Australia\u2019s Lynas Rare Earths for the construction of a processing facility in Texas. Additionally, Biden said he would seek more diverse domestic production, maintain a reserve of goods and materials, and positive partnership with allies.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">How does the Review Reflect the Biden Administration?<\/span><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">While the comprehensive review does not promise imminent resolution of the trade war, it has set the precedent that the current administration has a definite sense of urgency to face the supply chain challenges that have been exacerbated due to the COVID-19 pandemic. Undoubtedly, there is no short-term solution for these struggling industries but the Biden administration believes the first step to recovery is through internal reflection and securing supply chains to reduce dependence on China.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<h4 style=\"text-align: center;\"><b>To learn more about SiShips, or to view a demo of our software, <a href=\"https:\/\/siships.com\/contact\/\" target=\"_blank\" rel=\"noopener noreferrer\">contact us <\/a><\/b><b>today.<\/b><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>U.S. Trade Representative on the Trade War &nbsp; All eyes are on President Joe Biden\u2019s administration, and specifically newly elected U.S. trade representative, Katherine Tai, in anticipation of the United [&hellip;]<\/p>\n","protected":false},"author":186,"featured_media":4738,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[24],"tags":[150,63,67,151,153,62,152],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.5.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Biden Administration on the US-China Trade War - SiShips<\/title>\n<meta name=\"description\" content=\"The Biden administration has made no changes to tariff structures; 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