Tech Industry: Biden Administration Must Rescind Tariffs and Leverage Strengths of the Tech Sector to Meet U.S.-China Policy Objectives
WASHINGTON – Today, global tech trade association ITI issued the following statement from Naomi Wilson, ITI’s Vice President of Policy for Asia, in reaction to U.S. Secretary of State Antony Blinken’s speech outlining the Biden Administration’s approach toward China:
“ITI welcomes the Biden Administration’s renewed approach to the critical U.S.-China bilateral relationship. We commend its desire to leverage U.S. and multinational tech companies’ ability to innovate and benefit U.S. economic and national security, including efforts like enhancing U.S. domestic semiconductor manufacturing. To fully enable the United States to reap those benefits, the U.S. government must rescind Section 301 tariffs and ensure that other U.S. policies, such as export controls, do not inadvertently undermine the business community and U.S. government’s shared objectives. These policies have exacerbated ongoing supply chain challenges across all sectors, increased economic uncertainty for Americans, and no longer provide leverage in discussions with the Chinese government. To that end, we are disappointed that the administration continues to waver on the rollback of Section 301 tariffs and has yet to undertake serious negotiations to address the tech sector’s priority concerns, including government subsidization and market access restrictions.
“President Biden has underscored the importance of a comprehensive, strategic, and international, coalition-based approach to the U.S.-China bilateral relationship. While outlining this plan is an important step, it is critical that the administration take concrete action to build on it, rescind tariffs, and work with industry to enact a U.S.-China trade policy that benefits the U.S. economy, U.S. workers, and the supply chain.”
On the two-year anniversary of the U.S.-China Phase One Trade Deal, ITI’s Naomi Wilson published a blog (opens in a new tab) outlining how the Biden Administration should address what worked and what didn’t within the Phase One Deal. Read the blog here (opens in a new tab).
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