The prospects for a far-reaching new deal this year are slim, with the Biden administration drafting a comprehensive strategy toward China, a complex interagency procedure that could last into early next year
President Donald Trump, right, and Chinese Vice Premier Liu He sign an initial trade agreement in the White House in Washington, Jan. 15, 2020. Last year’s U.S.-China trade deal could set the rules for global commerce for years to come, leaving the door open to lavish Chinese subsidies and unilateral American tariffs.
Image: Pete Marovich/The New York Times
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