U.S.-China trade relations remain strained as Biden team takes tough stance

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. … (full story)

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