Biden’s new China trade plan echoes Trump’s, but assumes Beijing won’t change

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By David Lawder and Nandita Bose WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai on Monday will seek new talks with China over its failure to keep promises made in a “Phase 1” trade deal struck with former president Donald Trump, but will not pursue “Phase 2” negotiations over Beijing’s state subsidies and other structural issues. Senior Biden administration officials said Tai will pursue a virtual meeting with Chinese Vice Premier Liu He to discuss the trade deal “soon” while starting a “targeted” process to revive exclusions for certain Chinese imports from punitive U.S. tarif…

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