News Snapshot:
The web of commercial ties spun between the world’s two largest economies over the past two decades is fraying. Early in the U.S. Democratic primary, Joe Biden and Kamala Harris came across as two of the least confrontational candidates on China issues. Their administration, however, is offering not so much a break with Trump-era trade tensions, as continuity and escalation. The U.S. government is working on a digital trade pact that would set standards on data protection and e-commerce, and aims to isolate China, people familiar with the matter told Bloomberg News last week. American diplomats won’t restart the strategic...
