U.S.-China trade relations remain strained as Biden team takes tough stance similar to Trump
2021-03-21 08:57:22 source:CNBC
March 20, 2021
The outlook for U.S.-China trade relations is likely to remain challenged after this week’s high-level diplomatic talks showed that President Joe Biden’s team does not plan to wholly abandon the Trump administration’s tough tone in discussions with Beijing.
Though Washington and Beijing struck a ceasefire in their tit-for-tat trade feud with last year’s “phase one” agreement, representatives on both sides are far from pleased with the status quo and see the other as a key economic rival.
That competition was on full display on Thursday, when the countries began two days of meetings in Anchorage, Alaska.
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