The U.S. Trade Representative says China fails to meet the obligations it agreed to when joining the World Trade Organization twenty years ago. Katherine Tai says China has not moved to embrace the market-oriented principles on which the WTO and its rules are based, and the country has instead retained and expanded its state-led, non-market approach to the economy and trade.
A report from the USTR to Congress Wednesday says the Phase One Trade Agreement reflected changes in intellectual property protection and financial services that China had already been planning, and the attention paid to the agriculture sector and the purchase of U.S.
