After Biden-Xi summit, what next for US-China trade war?

In January, a US-China Business Council-commissioned study found that the trade war had cost 245,000 US jobs, while a reduction of tariffs on both sides would create 145,000 jobs by 2025. The report by Oxford Economics also predicted that a “significant decoupling” of the countries’ economies would reduce US gross domestic product (GDP) by $1.6 trillion over the next five years.