USTR Tai: Seeking to bring ‘more strategic approach to trade’ with China
|United States Trade Representative (USTR) Katherine Tai said in a Bloomberg TV interview on Tuesday, US is looking to realign its trade relationship with China rather than seek a divorce.
Key quotes
“The Biden administration’s policy was focused instead on “realignment in the global economy.”
“That includes addressing the lack of visibility, accountability and diversity in supply chains that has led to disruptions in recent years.”
“I would focus really on the kinds of changes that we’re trying to bring, which are really not about stopping trade or trade divorce.”
“They’re really about bringing reform and a more strategic approach to trade.”
Market reaction
AUD/USD was last seen trading at 0.7636, up 1.27% on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.