USTR Spotlights Shift Away from Globalization
U.S. Trade Representative Katherine Tai delivered a speech at the National Press Club last week highlighting the Biden Administration’s commitment to supply chain resilience and U.S. manufacturing in response to the failure of globalization. She discussed the effects of liberalization and prioritizing efficiency in trade policy: vulnerable supply chains. Ambassador Tai emphasized the administration’s efforts to reverse this trend and “put the U.S. back into USTR” by raising standards, prioritizing workers, and strengthening relationships with like-minded allies and partners. Read Ambassador Tai’s remarks.
Blinken Meets Xi, Gets Uncertain Results
Secretary of State Antony Blinken met with Chinese President Xi Jinping this week, the first trip to China by a secretary of state in five years. The prospect of easing tensions is uncertain, however, after the two days of talks in Beijing. Trade issues involving human rights, semiconductors and Taiwan were on the agenda. Although nothing was resolved this week, both countries agreed to keep talking with more high-level visits in the months ahead. Read more from Reuters.
Companies Announce Partnership at AAEI Conference
Two companies who participated this week at AAEI’s 102nd Annual Conference and Expo in Washington, DC, announced a partnership on supply chain traceability and compliance. KYG Trade and FloraTrace will collaborate on a comprehensive “trade and sustainability metrics attestation platform and marketplace.” KYG Trade has a secure open platform that creates an immutable snapshot and audit record. FloraTrace’s solution provides isotopic-geographic origin testing. Read the announcement.