U.S. Will Hold China to Account for Trade-Deal Miss, Official Says

(Bloomberg) — The U.S. will hold China to account for failing to meet the purchase targets pledged in trade deal inherited from the Trump administration, President Joe Biden’s commerce chief said.

“We intend to hold them to account,” U.S. Secretary of Commerce Gina Raimondo said on Bloomberg Television’s European Close with Guy Johnson, Kailey Leinz and David Westin on Wednesday. U. S. Trade Representative Katherine Tai “is in the thick of those negotiations now,” she said, adding that Beijing “is not playing by the rules” as the government subsidizes companies, limiting American businesses’ ability to compete.