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.
SHANGHAI — Just days before the coronavirus shut down the Chinese city of Wuhan and changed the world, the Trump administration and China signed what both sides said would be only a temporary truce in their 18-month trade war.
©2019 New York Times News Service