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Move China to ‘new tariff column’ and ease entry for allies’ hi-tech workers, US House panel urges
- Sweeping bipartisan report comprises almost 150 recommendations reflecting Washington’s efforts to reset terms of economic relationship with Beijing
- ‘Balanced approach’ sought of protecting US economy and national security while collaborating better with key partners, says panel chair
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Bochen Hanin Washington
The US House select committee on China released its first set of economic policy recommendations on Tuesday, urging China be moved to a “new tariff column” and that hi-tech workers from allied countries gain easier entry to the US.
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Adopted by voice vote, the sweeping report comprising almost 150 recommendations reflected efforts to reset terms of the bilateral economic relationship, curb the flow of US capital into China and invest in America’s technological leadership.
The recommendations intended to strike “a balanced approach that adopts a more assertive posture to protect the American economy and our national security when it comes to [China’s Communist Party] and a more collaborative approach when it comes to economic cooperation with our key allies and partners”, said Mike Gallagher, a Wisconsin Republican and the committee’s chair.
The panel, whose formal name is the House Select Committee on the Strategic Competition between the United States and the Chinese Communist Party, was formed in January and has no authority to draft or amend laws.
Instead, it is tasked with making recommendations to permanent legislative committees. Its members – 13 Republicans and 11 Democrats – sit on various House committees with jurisdiction over the recommendations, including financial services.
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