Rumando, Senate confirmation hearing
Maintaining sanctions in alliance cooperation
Concerns about’G2 confrontation intensifying’ in the market line
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Gina Rumando, the US Secretary of Commerce’s nominee, announced that he would use all means to counter unfair trade practices in China. Amid recent remarks from the Joe Biden administration’s hard-line response to the public, this suggests that the Ministry of Commerce could also face intense pressure.
According to the South China Morning Post (SCMP), nominee Rumando said at a Senate approval hearing on the 26th (local time), “China has clearly behaved in a way that is against competition and has undermined the competitiveness of American workers and Korean companies.” “We plan to act very aggressively so that we can compete against unfair (trade) practices in China.”
“We are trying to level the playing field for American workers, using all means, whether blacklisted, tariffs or countervailing tariffs, to the maximum extent possible,” Rumando said.
It was also clear that it would cooperate with allies to pressure China.
He said, “You must not underestimate the (China’s) threat. It is a matter that calls for a pan-government response, and if it is approved, it will play my part.” And we need to be very serious.” Rep. Ted Cruz, a Republican member of the Republican Republic, asked if he would maintain Huawei’s status as a restricted company, but he avoided an immediate answer, but said, “I will judge what is best for the US’s national and economic security,” leaving the possibility of maintaining sanctions.
Besides Rumando’s nominee, key members of the Biden administration also poured out remarks suggesting that China could be under pressure. At a confirmation hearing held last week, Secretary of State Tony Blincoln, who was ratified by the Senate that day, said, “I believe it is right for President Donald Trump to take a stronger approach to China.” It was right.”
Finance Minister Janet Yellen also said at a confirmation hearing on the 19th, “We must fight against unfair and illegal practices in China. We are ready to use a variety of means.” As a result, there are growing concerns that the US-China conflict that persisted in the former Trump administration will not be easily resolved by the Biden administration. Global strategist Sylvia Sung JPMorgan said, “It will not be easy for the US to reverse the recent hawkish trend in China’s policy, given the increasing number of US negative views on China.”
Meanwhile, Minister Blincoln is reported to have gathered opinions to cooperate closely with the Japanese Foreign Minister Toshimitsu Motegi on the 27th to deal with various issues in the international community during the first telephone meeting. It was reported that North Korea’s abduction of Japanese citizens was also discussed at the meeting. Foreign Minister Motegi said he agreed that there is a need to hold an early face-to-face meeting with Minister Blincoln, and said he plans to visit the United States as soon as possible by coordinating the schedule with the United States.
/ Reporter Park Seong-gyu [email protected]
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