ambassador katherine tai, the u.s. trade representative and to introduce her we will have liz bit-- elizabeth ryker, for external affairs, from gm. liz, thank you for your support and over to you for the introduction. >> thank you, aaron. good morning, everyone. i'm honored to have the privilege of representing general motors today and introducing ambassador katherine tai. as i'm sure you know, trade is an incredibly important issue for gm, vital to our success as a company and we believe is vital to every economy in the americas. over the past year and a half, having access to life saving health care equipment and the enormous contribution trade makes to our economies. given that experience it's more important than ever that we have a u.s. trade representative who will understand the power of trade and we've seeing ambassador tai for the key economies of north and south america, since since this is asian-american and pacific islander month, that the ambassador is the first of color to be in this position. we've been i

in katherine tai's statement, she says clearly this will take time. this is a problem because we don't have time. the mortality rate in india on a daily basis is over 3500 people. there over 400 thousand cases, new cases being created every single day. we have to do this quickly and yet the wto is a deliver to process. the u.s. probably does have to bring other objecting countries into light. the european union has had they are ready to talk. but there's a question of how long they will take. there's a question of what they will allow to go into the text. we need a waiver in that manner that we proposed it in october 2020. we do not need a watered-down waiver with a whole range of conditions and prerequisites that will make using the waiver difficult. that is not what we want. we wana clear and simple solution to remove the legal obstacles toward producing a vaccine. then oncehis task is accomplished, we need vaccine technologies to be shared as well by the u.s. that would create the circumstances for us to produce more vaccines. unfortunately, not im

katherine tai, the chief trade negotiator of the u.s., discusses the importance of the u.s.hina trade relationship. they discussed abide in's worker centric trade policy. and tai raised issues of concern, according to the u.s. they did say the talks were a candid exchange. we are not getting details on exactly what was discussed in terms of how detailed they were when it comes to the trade deal. i mentioned how the trade relationship is important and they look forward to future discussions. at least there is hope the discussions are still going on. you see the market moving on the positive headlines from the u.s. trade negotiator. you see the remember the surging -- the remimbi surging. we are also looking at what's to come with the discussions and whether we can see china for filthy commitments past during the phase one trade deal. they are not there yet, but have been ramping up imports. with covid, some plans have been delayed. a lot to look into, but we are back to the trade talks in our top stories. coming up, we take a look at the u.s. justice department, set to look i

katherine tai may address -- strength the regime here to ensure u.s. companies do not have the intellectual property stolen. other areas as well that she is likely to push them on our things like financial services. and on that area as well as intellectual property, china can point to modest progress. you had goldman sachs announcing that wealth management deal with icbc and a majority stake. shery: china is clamping down on u.s. corn imports right now. what is going on? tom: interesting timing just ahead of these trade talks the first time between katherine tai and her chinese counterparts. in three trade zones, they have pressured the authorities -- the authorities have pressured feed mills to cancel u.s. cargoes of u.s. corn. we are hearing it's a little under one million tons and to put that into perspective, so far, china this season brought about 20 million tons of u.s. -- thought -- about tournament -- bought -- bought 20 million downs of u.s. corn. you did see prices rising to the highest levels since 2013 for corn so that may be part of the pl

trade representative katherine tai testifies about the biden

trade representative katherine tai gets tonight's last word.the biden administration we have a major escalation in the battle for the control of the republican party. wyoming congresswoman liz cheney has gone beyond just publicly challenging former president trump over his false claims of a stolen 2020 election. tonight, she's framing her criticism as a fight for the future of democracy in this nation. in an opinion piece for the washington post, cheney draws a direct line from trump so the january 6th riot and calls on her party to reject trumpism. she writes, quote, trump is seeking to unravel critical elements of our constitutional structure that make democracy work. confidence in the results of elections and the rule of law. no other american president has ever done this. in the immediate wake of the violence of january six, almost all of us knew the gravity and the cause of what had just happened. we had witnessed it firsthand. history is watching. our children are watching. we must be brave enough to defend the basic principles that under

. >> during the 51st annual conference, katherine tai talked about u.s. trade priorities in the western is fear and how the covid-19 cath affected trade globally. >> also what you recognize, the investor is the first woman of color to serve in this critical position. the endless fortunate to engage her with her -- during her time on capitol hill. based on that experience, we know she will take a wealth of bring a wealth -- she will bring a wealth of experience to this role in the future trade -- help us understand with the future of trade in america will look like. >> let me start again, can you hear me, all of you? >> yes. >> if you a testament to the vision of bringing western hemisphere together around our shared goals of economic and social progress. i wish with all meet together in person at the dawn this new ration. we are making real strides towards ending me pandemic, but i know we have work. that includes making the vaccine widely assessable. i -- this is not just a public health requirement. the fighting harris ration is committed to saving live

trade representative katherine tai said intellectual property rights for businesses are important, buthe extraordinary circumstances of the pandemic call for extraordinary measures. we will bring you more information as it comes in. we are going to stay with the pandemic. india's ferocious second wave of infections continues to batter its health care system, and a persistent shortage of oxygen is making matters worse. in the capital, many hospitals are taking to twitter to seek help and turning away patients due to a lack of supplies. for weeks now, volunteer groups have been stepping into care for patients cannot find help elsewhere. dw reporters have met ordinary indians putting their lives on the line to save other pple. >> they have spent the last two days right here, on the road in front of the temple. 50 kilometers from home. his son has the coronavirus. he has also developed a severe lung infection. he urgently needs to be hospitalized. but his father says even this makeshift arrangement is a blessing. >> these people are working 24 hours providing oxygen, otherwise it's very di

justifying the move, us trade representative katherine tai said in a statement, "this administrationstrongly in intellectual property protections, but in the service of ending this pandemic, supports the waiver of those protections for covid—19 vaccines." the announcement was met with enthusiasm from the director—general of the world health organization, who took to twitter describing it as "a monumental moment in the fight against covid—19." a vaccine waiver makes it harder for vaccine manufacturers to make money out of their products. shares in a number of them tumbled on the news. two of the biggest vaccine makers are us companies moderna and pfizer. the international federation of pharmaceutical manufacturers and associations says the plan is a red herring when it comes to improving the distribution of vaccines. thomas cueni is the associations�* director general. the decision by the us administration is disappointing, but it doesn't change that it's a strong answer to complex problem. it's strong but simple answer to a complex problem because it disrupts, it distracts from tackl

today we have the privilege to welcome ambassador katherine tai, united states trade representative, to the ways and means committee hearing room. ambassador tai, i'm pleased to welcome you back to this committee for your new and very well-earned role. your prior work in this committee uniquely positions you to understand better than most the importance of u.s. trade policy as it supports american working families and businesses. over the past 14 months, the covid pandemic has upended lives across this country and around the world. it exposed the fridgility of our economic and health system. it has also revealed that many of us have known for quite some time, and that is that our economic and health policies have not always benefitted everyone equitably. as vaccination rates increase and the world begins to reopen, we are left with an economy in need of revitalization and people in need of help. we have an opportunity to set the american economy and american workers on a better course. as you know, the democrats on the committee have been actively working to create these policies that

trade representative -- katherine tai was responding to a finance committee question about the trade expansion act which former president trump used to put subsidies -- tariffs on imports. the largest gasoline pipeline and america is back in service after a massive ransomware attack. colonial pipeline was forced to take systems off-line and choking supplies across eastern parts of the u.s. it will take about two weeks were full-service to be restored. the average price for gasoline top three dollars a gallon for the first time in more than six years. global news, 24 hours a day on air and on bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn, this is bloomberg. yvonne: still ahead on bloomberg markets: asia, exclusive for the ceo of new zealand based company . he joins us to discuss business sentiment during the pandemic. tom: next, we dig deeper into the inflation debate and what it means for asian economies. this is bloomberg. ♪ >> my baseline, i expect inflation to turn to, or perhaps someone above are 2% long goal

timing is interesting given the talks between katherine tai and her chinese counterpart.n terms of imports, it is likely to be a record year. shery: this could come at a very tense time as we are hearing from president biden he will be asking his staff to continue investigating whether the coronavirus came from a lab in china. kevin: this is a real pivot -- just: this is a real pivot for the biden administration. what we heard from the white house today was that they have asked the intelligence community in the u.s. to spend three months preparing another report on the possible origins of the virus. the president said he received a report on this issue a few weeks ago, but it was split. two elements of the intelligence community said they leaned towards animals being the source of the virus while the other leaned toward the origin in that wuhan lab. you can tell the president spurred details. it is feeling political pressure, considering the massive death toll both in the u.s. and globally, to determine what the origins of the virus are. >> that was justin sink in washing

katherine tai says the biden administration will take part in negotiations over the waiver at the wto other countries to back it. chairs of the -- on this news. the u.k. is set to lift demand on international leisure travel on may 17 for a handful of destinations. officials are studying covid data and planning a new green list of approved locations. pre-and post-travel testing will be mandatory. it is likely to put people off of traveling. the philippines could see its vaccine supply jumping by 7 million doses this month to the covax facility, and new deliveries from china and russia. it is counting on vaccines to help reopen an economy struggling to rebound from last year's record slump. the government has an ocular did about 2 million people, with 1.7 million still. brazil's central bank raising rates for a second straight meeting, hiking the benchmark lending rate by 75 basis points. policymakers made the move to counter arise in consumer prices. also plans for a partial removal of stimulus and another 75 basis point hike. the brazilian row is among the worst performers in the worl

katherine tai said she wants to her counterpart from china at some point relatively soon. we don't have a date for that yet. are you saying that policy take shape both for china and more broadly for the asia-pacific, or do you think are still working through it? >> well clearly the biden administration's trade policy is still a work in progress. let's be honest, , the focus is really on domestic issues right now whether i would recover economic recovery or infrastructure. we are seeing the most movement on trade in areas where trade aligns very closely with these domestic priorities. so whether it's climate change her covid recovery or supply chain, that's what we are seeing the most traction. but that said i i also think e are seeing a much more kind of thoughtful policy already, one that is based on working with allies and partners with the administration seemingly in no rush to engage with china until they really figure out their overall policy with the trade component being one part of an overall strategic policy towards china. >> it's interesting you mention the allie

katherine tai said she wants to her counterpart from china at some point relatively soon. we don't have a date for that yet. are you saying that policy take shape both for china and more broadly for the asia-pacific, or do you think are still working through it? >> well clearly the biden administration's trade policy is still a work in progress. let's be honest, , the focus is really on domestic issues right now whether i would recover economic recovery or infrastructure. we are seeing the most movement on trade in areas where trade aligns very closely with these domestic priorities. so whether it's climate change her covid recovery or supply chain, that's what we are seeing the most traction. but that said i i also think e are seeing a much more kind of thoughtful policy already, one that is based on working with allies and partners with the administration seemingly in no rush to engage with china until they really figure out their overall policy with the trade component being one part of an overall strategic policy towards china. >> it's interesting you mention the allie

trade representative katherine tai testified before the senate finance committee this week about presidenten's trade agenda. oregon senator ron wyden chaired the two-hour and 40-minute hearing. >> the finance committee will come to order. this morning the finance committee is pleased to welcome the united states trade representative katherine tai for an annual hearing on the president's trade agenda n.2021 just every major trade policy needs to be based on a straightforward proposition, outcompeting china for jobs and economic growth. the reality is too often the chinese government has feasted on weaknesses in the global trading system to the disadvantage of american workers. the finance committee has examined many of the key issues in a hearing last month. american factories and plants have shut down because of unfair subsidies and overproduction in china. american websites and digital service provide remembers blocked by the great firewall, and they watch as home-grown chinese firms rip off their ideas and grow into tech giants intolerant of free speech. american workers cannot and must

today we have had the privo welcome ambassador katherine tai, united states trade representative to the ways and means committee hearing room. ambassador tied, i'm pleased to welcome you back to this committee for your new and very well earned role. her prior work in this committee any good positions you to understand better than most imports of u.s. trade policy as it supports american working families and businesses. over the past 14 months the covid pandemic has upended lives across this country and around the world. it exposed the fragility of our economic and health system. it is also revealed that many of us have known for quite some time, that is their economic and health policies have not always benefited everyone equitably. as vaccination rates increase and will begins to reopen we left with an economy in need of revitalization and people in need of help. we have an opportunity to set the american economy and american workers on a better course. as you know the democrats on the committee have been actively working to create these policies that are inclusive, equitable and respo

process and president biden's trade rep katherine tai acknowledged that. they do respect 3/4ual property rights but also recognize that we're in a pandemic and it's important to get as many people vaccinated right now as possible. and so that is where their position is. that seemed like where they were going to go since president biden said he'd commit to sharing vaccines, waiving patents to make sure the world was getting vaccinated if the u.s. was one of the first countries to develop the vaccine. but, of course, the question of how this plays out and whether or not it helps these countries in the near future is something that remains to be seen. they've not figured that out yet. white house officials say it could be that it's easier to share vaccines. maybe sell them at cost. how those companies decide to navigate this remains to be seen. we know this is a decision the pharmaceutical industry did not want to see. they did not want these property rights waived but the administration says it's a pandemic and so they had to do it. kaitlan collins, cnn, the

trade representative katherine tai testifies about

trade representative katherine tai just announced the biden administration now supports waiving intellectualround the world vaccines that have been shown to be safe and effective. last year then candidate biden was asked by health activist if the u.s. would commit to sharing vaccine technology to help other countries. here's a part of his answer. >> absolutely positively. this is the only humane thing in the world to do. >> joining me now is director of center of inif he recollects disease research and policy, dr. michael osterholm. how impactful do you think this step by the administration will be to help other countries like india dealing with a major outbreak? >> actually this is a complicated topic that isn't a simple yes or no answer. what i mean by that is the real challenge we have had is developing the manufacturing capacity and having the expertise of the individuals that can run the plants to make the vaccines. so it's less about are we transferring technology that the companies have already said they willingly would do but if you don't have a place with the expertise to make the v

administration actually did takt everyone, and will do immense good >> u.s trade representative katherine tai life-saving news today when she announced the biden administration support for lifting intellectual property protections for coronavirus vaccines the waiver would allow developing countries to access the information to produce their own generic vaccines instead of waiting months or years for adequate supply from the pharmaceutical companies that developed the vaccines >> moderna stock is taking a hit. it's down 8% now, of course, it dropped yesterday on the news after the market closed. but this is really affecting all of these companies in the vaccine space. if you look at novavax, which is expecting phase three data here in the u.s. soon for its covid vaccine. curevac which is another mrna player, which is expecting data soon biontech, of course, which is pfizer's partner, all of these stocks down about 7% to 9% on this patent news >> seth: wow, joe biden, scourge of big pharma! who would have thunk it? although, to me, it makes sense, because biden does have the energy of a grandpa

at 10:30 katherine tai testifies before the house ways and means committee about the biden administration's trade priorities. you will find both hearings by going to c-span.org. >> go to c-span.org/coronavirus for the federal response to the coronavirus pandemic. if you missed our live coverage it's easy to quickly find the latest briefings and the biden administration's response. use interactive gallery of maps to follow the cases and the u.s. and worldwide. go to c-span.org/coronavirus. >> next, , u.s. capitol police inspector general michael bolton provides a threat assessment of the january 6 attack on the u.s. capitol. before the house administration committee. this is just over an hour. >> the committee on house administration will come to order. i would like to welcome our members. we have a quorum present. the ranking member, mr. raskin, mr. steil, mr. aguilar, ms. scanlon, and ms. fernandez, and so we have a quorum and i would like to welcome everyone. as we begin i want to note that we are holding this hearing in compliance with the regulations for committee proceeding pursuant to

trade representative the katherine tai. that's at 9:30 a.m. eastern. at 10:30 a.m. health and human services secretary xavier becerra testifies that house energy and commerce subcommittee hearing on the president's 2022 budget request budget request. and at noon the house administration committee looks at how the u.s. capitol can be better prepared for an emergency following the january sixth attack with testimony from the architect of the capitol inspector general. >> c-spanshop.org is c-span's online store with a collection of c-span products and every purchase helps support our nonprofit operations. order a copy of the congressional directory with contact information for members of congress in the biden administration cabinet. browse our newest products at c-spanshop.org. >> next a hearing on improving america's freight industry and supply chains. this senate commerce science and transportation subcommittee hearing is 90 minutes. >> [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] >> the committee will come t

justifying the move, us trade representative katherine tai said in a statement that...hat you waive the patents in the manufacturing line cranks into action. there is so much technical expertise that is needed. there is so much technology that is needed, know—how, etc. but india and south africa were pushing for a vaccine waiver. they are some of the biggest manufacturers of vaccines. but the united states not the only ones making a decision on this. tia making a decision on this. no because this puts them at odds with the uk which is in favour of protecting those patents and i think with the eu. is there a ruling on that already? t with the eu. is there a ruling on that already?— with the eu. is there a ruling on that alread ? ~' , ., . that already? i think there is a wto rulin: or that already? i think there is a wto ruling or they _ that already? i think there is a wto ruling or they are _ that already? i think there is a wto ruling or they are certainly - ruling or they are certainly discussing it this week. but in terms of the _ discussing it this week. but in ter

trade representative katherine tai. that's it 9:00 -- 9:38 eastern. and javier becerra testifies at a house energy and commerce subcommittee hearing on the president's 2022 budget request. at noon, house administration committee looks at how the u.s. capitol can be better prepared for an emergency following the january 6 attack with testimony from the architect of the capitol inspector general. >> see spanish or unfiltered view of government. these companies and more, including mediacom. >> internet traffic soared and we never slowed down. schools and businesses went virtual we powered a new reality. we are built to keep you ahead. >>c mediaom support c-span as a public service along with these other providers, giving you a front row seat to democracy. >> house republicans are meeting behind closed doors tomorrow to vote on whether to remove liz cheney from her leadership role as republican conference chair. the latest move comes after represent cheney pushback on claims that the 2020 presidential election was fraudulent, as suggested a former preside

trade representative the katherine tai. that's at 9:30 a.m. eastern. at 10:30 a.m.health and human services secretary xavier becerra testifies that house energy and commerce subcommittee hearing on the president's 2022 budget request budget request. and at noon the house administration committee looks at how the u.s. capitol can be better prepared for an emergency following the january sixth attack with testimony from the architect of the capitol inspector general. >> c-spanshop.org is c-span's online store with a collection of

trade representative katherine tai talked about u.s. trade policies in the western hemisphere and how the pandemic has affected trade globally. >>

trade representative katherine tai and urged her to enjane in we are canadian counterpart to reach a long-term agreement on softwood lumber trade. it is american home buyers, not canadian lumber producers, who end up paying the cost of these trade restrictions. in addition to working to resolve this trade dispute, we should also work to boost the domestic production of the types of lumber used in home construction. additional lumber can and should be sustainably harvested from public lands managed by the u.s. forest service. ensuring that domestic saw mills are operating at full capacity will help soften lumber prices. it is important for kansas to have the opportunity and economic means to own their own homes. unfortunately, the current lumber prices are making that dream unattainable for way too many families. resolving a long-standing trade dispute with canada on softwood lumber and better managing our lands will help alleviate the problems facing homeowners and home buyers. mr. president, i yield the floor. but before doing that, i note the absence of a quorum. the presiding offi

website including a hearing on the biden administration's trade priorities with trade representative katherine tai. at 10:30, health and human services secretary javier becerra testifies at a subcommittee hearing on the president's 2022 budget request. at noon, the house administration committee looks at how the u.s. capitol can be better prepared for an emergency following a january 6 attack. >> c-span is your unfiltered view of government. we are funded by these television companies, including comcast. >> you think this is just a community center? no, it is more than that. >> comcast is partnering with community centers so students with low income families can get the tools they need to be ready for anything. comcast supports c-span as a public service, giving you a front row seat to democracy. >> queen elizabeth spoke at the state opening of the british parliament to outline proposed policies and legislation for the new session. she stated that the government's priority was to deliver a national recovery from the pandemic that makes the united kingdom stronger and more prosperous. from

fox news alert, here we go, trade rep katherine tai meeting this morning with china's vice premier. also raised issues of concerns. that meeting took place. you remember the gentleman from all the trade talks with the trump administration years ago. now he is talking without a trade rep. >>> senate republicans introducing their infrastructure counteroffer. all right. what how much. what will they build? susan: less than a trillion dollars. we're still looking at $928 billion in this infrastructure counteroffer we're seeing. looks like senator capito is leading this right now. she said they passed the 35 billion-dollar water infrastructure plan. that is on the table. you have the money from previous stimulus plans that have still gone unused. $560 billion for actual infrastructure for roads, bridges. stuart: the real stuff. susan: four billion for electric cars, which is less than the 175 billion that the biden plan earmarked for electric vehicles. stuart: four billion for electric vehicles. susan: four billion. stuart: compared to 179 billion combined. >> that is it what i see here.

trade representative katherine tai testifies about the biden administration's trade priorities. you will find both hearings by going to c-span. work. next, -- c-span.org. next, a house foreign affairs committee on climate change with john kerry, who testified on holding china accountable to their commitments. this runs two and a half hours. >> [indiscernible] [gavel bangs] >> the committee on foreign affairs will come to order. the chair is authorized to declare a recess of the committee at any point and all members will have five days to submit statements, extraneous materials. to insert something into the record, have your staff email the previously mentioned address for contact full committee staff. as a reminder to members, please keep your video function on at all times, even when you are not recognized by the chair. members are responsible for muting and un-muting themselves. consistent with house rules, that will only mute members as appropriate when they are not under recognition, to eliminate background noise. i now recognize myself for opening remarks. let me say good

in the ways and means and helps us a lot on environmental provisions of usmca and her name is katherine taind you should take a look at her. we did, and we were pleased to that you be interested for the position. thrilled that they nominated you and you're sitting before us today. i want to thank you for -- and welcome you again to the hearing before this committee. and thank you for testifying before us as well and for the leadership you're now providing. i would like to quote an old proverb something like this, if you want to go fast, travel alone. if you want to go far, travel together. many of my colleagues today have expressed their concerns about china's growing influence. i believe one of the best ways to counter china's rise in their anticompetitive trade practices is to work together with our allies and our trading partners, constructively write and rewrite the global rules of trade. recently i had the privilege with one of our colleagues senator cornyn of texas for the need of engagement in the asian pacific region, similar to what the transpacific partnership sought to achieve. i