US-China trade war: phase one trade deal largely a ‘failure’, as purchases fall well short of targets
China and the US signed their phase one trade deal in January 2020, with China committing to buy US$200 billion more goods and services over the next two years
According to a report by the Peterson Institute for International Economics, US exports of phase one goods in 2020 fell more than 40 per cent short of the target
President Joe Biden said in an interview with CBS News that his dealings with China will not resemble how his predecessor approached Chinese President Xi Jinping.
Updated:
February 05, 2021 09:38 IST
In his first address to the State Department as President, he said alliances were America’s greatest asset and that the U.S. would engage with adversaries and competitors diplomatically when it was in the country’s interest
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Vice President Kamala Harris, left, looks on as President Joe Biden delivers a speech on foreign policy, at the State Department, Thursday, Feb. 4, 2021, in Washington. | Photo Credit:
AP
In his first address to the State Department as President, he said alliances were America’s greatest asset and that the U.S. would engage with adversaries and competitors diplomatically when it was in the country’s interest
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