News Snapshot:
Businessweek China fails to hold up its end of the bargain, but Biden ‘lacks policy to act’ 20 January 2022 - 17:59 Jenny Leonard Chinese leader Xi Jinping and US President Joe Biden. Picture: BLOOMBERG Two years ago, then president Donald Trump signed the US-China Phase One trade agreement, hailing it as an “historic” deal. Joe Biden’s team spent the presidential campaign criticising it as limited in scope and lacking teeth. Yet once the Democrat took office, there was a recalibration. In a speech in October, US trade representative Katherine Tai described the framework as “useful” and said it has...
