US-China trade remains fractious under new Biden administration
On Joe Biden’s first days in the Oval Office he signed a flurry of executive orders like re-joining the Paris Agreement and the WHO, but relations with China remain tense and factious as the new US President inherits a trade war that now involves over $700 billion in bilateral trade. Though China’s Phase 1 trade commitment to buy an additional $52.4 billion of energy from the United States by end-2021 will remain in place, analysts say it looks “difficult to achieve.” – Markets Editor Anja Karl reports.
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