Beijing (HRNW) Top US and Chinese trade officials have held their first “candid” talks since Joe Biden became president, the two sides said Thursday, as Washington scrutinises whether Beijing is sticking to a key agreement forged during a bruising tariffs battle between the economic superpowers.
Trade relations between the two will be a major plank in the new US leader’s foreign and economic policy as he looks to maintain the pressure on China imposed by predecessor Donald Trump, while looking to tread a more diplomatic line.
The countries signed a so-called “phase one” pact in January last year, in which Beijing pledged to increase its purchases of American products and services by at least $200 billion through 2020 and 2021.
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