Xi says open to discussion on state-owned companies in CPTPP talks

Thanks to Beijing's tariff exclusion under the phase one deal with the US, American goods exports to China rebounded in 2020, increasing 18% to $123 billion, according to the 2021 District Export Report released by the US-China Business Council this month. Though officials from both countries met in recent weeks, there have been few signs of an easing of bilateral tensions even though US Trade Representative Katherine Tai recently vowed to achieve a "sober relationship."