How will the Biden administration work with, or against, China? We look at the views of his Cabinet nominees to get an idea.
US and PRC Governments, Trade Agreement, January 15, 2020
The United States and People's Republic of China reached a "phase one" trade agreement on January 15, 2020, following two years of a trade war.
The full text of the agreement is available in pdf form at the link below.
Below is the preamble to the agreement:
The Government of the United States of America and the Government of the People’s Republic of China (collectively the “Parties”),
RECOGNIZING the importance of their bilateral economic and trade relationship;
REALIZING that it is in the interests of both countries that trade grow and that there is adherence to international norms so as to promote market-based outcomes;
CONVINCED of the benefits of contributing to the harmonious development and expansion of world trade and providing a catalyst to broader international cooperation;
ACKNOWLEDGING the existing trade and investment concernsthat have been identified by the Parties; and
RECOGNIZING the desirability of resolving existing and any future trade and investment concernsas constructively and expeditiously as possible,
HAVE AGREED as follows [see attachment]:
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