Sign up for our daily briefing

Make your busy days simpler with the Axios AM and PM newsletters. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to the Axios Closer newsletter for insights into the day’s business news and trends and why they matter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios Pro Rata

Dive into the world of dealmakers across VC, PE and M&A with Axios Pro Rata. Delivered daily to your inbox by Dan Primack and Kia Kokalitcheva.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with the Axios Sports newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with the Axios Des Moines newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with the Axios Tampa Bay newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Austin news?

Get a daily digest of the most important stories affecting your hometown with the Axios Austin newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Atlanta news?

Get a daily digest of the most important stories affecting your hometown with the Axios Atlanta newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Philadelphia news?

Get a daily digest of the most important stories affecting your hometown with the Axios Philadelphia newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Chicago news?

Get a daily digest of the most important stories affecting your hometown with the Axios Chicago newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top DC news?

Get a daily digest of the most important stories affecting your hometown with the Axios DC newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Shipping containers at Nansha Port in Guangzhou, China. Photo: Qian Wenpan/Nanfang Daily/VCG via Getty Images

U.S. Trade Representative Katherine Tai will declare Monday that an extensive review found China isn't meeting its commitments under the Phase One trade deal — laying the groundwork for the Biden administration to keep in place Trump-era tariffs while considering other punitive actions.

Why it matters: American businesses and importers have waited months to hear what President Biden will do with the trade war he inherited from Trump, which has pitted the world's two largest economies against one another.

  • Biden on the campaign trail criticized Trump's trade strategy.
  • But since taking office in January, he's maintained tariffs on billions of dollars worth of goods as his administration conducted its months-long, "top-to-bottom" review of U.S. trade policy toward China.

Driving the news: Tai will detail the review's findings in a speech at a Washington think tank Monday, marking her most extensive comments to date about the administration's plans to address China's "coercive" and "predatory" trade practices, according to officials who spoke to reporters on condition of anonymity to preview the remarks.

  • One senior official emphasized that Biden's strategy "is not to escalate trade tensions with China or double down on the previous administration’s flawed strategy."
  • Tai will highlight the history of China's trade abuses, beginning with its accession into the World Trade Organization in 2001, and "acknowledge that we need a new strategy ... that aligns with the priorities of our workers and businesses."

Details: The review concluded that the Phase One trade deal signed under Trump failed to address fundamental concerns over issues like China's IP theft and support for state-owned enterprises — but it did benefit certain American business sectors, such as agriculture.

  • Tai will confront her Chinese counterpart on areas where the U.S. says Beijing has failed to comply with the terms of the agreement, such as its commitment to buy an additional $200 billion worth of U.S. goods over two years.
  • That outreach will initiate an enforcement mechanism that could lead to more tariffs, a second administration official said: "All tools are on the table. All options are available for us to consider what we need to do to defend our interests."

Between the lines: Though existing tariffs on more than $350 billion worth of Chinese goods will remain in place as these talks play out, the administration will launch a "targeted exclusion process" to allow certain businesses to apply for exemptions.

  • Exemptions will take into account domestic priorities, such as securing U.S. supply chains and increasing America's competitiveness in key sectors.

What's next: Biden is seeking to craft a broader China trade strategy that extends beyond tariffs, incorporating coordinated approaches with U.S. allies and goals of major domestic investments via his multitrillion-dollar "Build Back Better" agenda.

The bottom line: The administration does not expect China to meaningfully change its practices and is not seeking to open negotiations on a Phase Two agreement with Beijing.

  • "We recognize that China simply may not change, and that we have to have a strategy that deals with China as it is, rather than as we might wish it to be," an official said.

Go deeper

Jan 6, 2022 - World

As China bullies Lithuania, EU steps back but Taiwan steps in

The plaque that caused the fight. Photo: Petras Malukas/AFP via Getty

Taiwan's government announced Wednesday that it would create a $200 million fund to invest in Lithuania's economy, boost bilateral trade, and send an expert team to help the tiny Baltic nation stand up its own semiconductor industry.

Why it matters: Beijing has launched a bullying campaign against Lithuania in response to its decision to allow Taiwan to open an unofficial embassy using its own name, rather than "Chinese Taipei."

Biden's fiery 2024 preview

President Biden and Vice President Kamala Harris speak with reporters after their speeches Thursday. Photo: Ken Cedeno/Pool/AFP via Getty Images

President Biden says holding former President Trump accountable for the Jan. 6 attack is about confronting the truth so America can move on.

  • "I’m crystal clear about the threats America faces," he said at the Capitol today in a fiery speech on the anniversary of the riot. "But I also know that our darkest days can lead to light and hope."

Between the lines: Biden also previewed themes for 2024 — especially if there's a Biden-Trump rematch.

Biden blames Trump for Jan. 6 Capitol riot

President Biden was unsparing in his criticism of former President Trump for fanning the flames of the Jan. 6 attack on the U.S. Capitol in a speech marking the first anniversary of the attack.

Driving the news: "The former president of the United States of America has created and spread a web of lies about the 2020 election ... He sees his own interest as more important than this country's interest, America's interest," Biden said Thursday, without using Trump's name in his remarks.