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February 4, 2021

White House says U.S.-China trade deal among issues in broad review

The Biden administration will review all national security measures put in place by former President Donald Trump, including the U.S.-China Phase 1 trade deal signed in January 2020, White House Press Secretary Jen Psaki said on Friday. Asked if President Joe Biden viewed the deal as still in effect, she told a White House briefing: “Everything that the past administration has put in place is under review, as it relates to our national security approach, so I would not assume things are moving forward.” Psaki said the Biden administration was focused on approaching the U.S.-China relationship “from a position of strength, and that means coordinating and communicating with our allies and partners about how we’re going to work with China.” Trump signed the Phase 1 trade agreement with Chinese President Xi Jinping in January 2020, easing a nearly 18-month trade war in which U.S. and Chinese goods worth hundreds of billions of dollars were hit by tit-for-tat tariffs, slowing trade between the world’s two largest economies. Read more