Tariffs ‘Not the Only Way’ to Keep ‘Heat’ on China, Says Ways and Means Chair

The U.S. needs to “reset the trade agenda” with China under the Biden administration, House Ways and Means Chairman Richard Neal, D-Mass., told a New England Council webinar Monday. Massachusetts is “at least one-third dependent economically” on international trade, he said. “Keeping the heat on China is important, but simultaneously, tariffs are not the only way to do it,” said Neal. “There are other ways to do this.” He wants “less emphasis on tariffs” and more of a focus on “international cooperation,” he said. “Multilateral relationships makes the most sense.”