US shows signs of slight deterioration in trade ties with China

“Against the backdrop of worldwide protests against the Cold War and Partition, the United States violated its policy statement of not seeking a new Cold War and ganged up to form an Anglo-Saxon faction,” the Chinese Foreign Minister Wang Yi, said on 28 september in response to Australian submarine deal.

America Meng Wanzhou’s release, a Huawei executive who was detained in Canada at the request of the United States, and the subsequent release of China two canadians And two americanLittle has been done to de-stress.

Mr Trump’s tariffs have discouraged imports of some Chinese goods, but exports to the United States have grown strongly through the coronavirus pandemic, as Americans bought workout equipment, furniture, toys and other products during the lockdown.

China’s leaders have also doubled down on the types of domestic industrial subsidies the United States has long opposed. They have greatly expanded programs they started more than a decade ago, aimed at eliminating their need to buy computer chips and passenger jets – two of the main exports to the United States, among other industrial products.

The Biden administration is exploring ways to persuade China to limit its extensive industrial subsidies, but it will be difficult. George W. The Bush, Obama, and Trump administrations all tried, with little success, for ways to persuade domestic producers to abandon its long-running use of subsidies to rid China of any reliance on imports.

Chinese leader Xi Jinping has called for ensuring that other countries depend on China for key goods without threatening to halt their sales to China. The United States has done so on issues such as surveillance in Hong Kong, forced labor and crackdown on democracy advocates.

“The reliance of the international industrial chain on our country has constituted a powerful countermeasures and deterrent capability for foreign parties to artificially cut supplies,” Mr. Xi said in a speech last year.

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