US and China agree to new economic dialogue format

News Snapshot:

The US and China still have major economic disagreements on tariffs, technology controls and investment restrictions. The Biden administration has been especially concerned recently about the treatment of American companies operating in China. Reverses Trump turn The creation of a working group linking the Treasury Department directly with Chinese officials on economic and financial issues represents the revival of a decades long approach to bilateral relations that was dismantled under former President Donald Trump. “These are issues where the US and China clearly see mutual benefit to mitigating conflict and managing the bilateral relationship in a constructive way,” said Eswar...