Biden team sees limited ability to press China in trade talks

BEIJING (Bloomberg): The US is continuing conversations with China despite Beijing’s failures to abide by a trade agreement reached during the Trump administration, but that process could soon come to an end, according to people familiar with the matter.

Biden administration officials, running out of patience after months of talks on shortfalls in the so-called phase-one trade agreement, are trying to assess Beijing’s willingness to make any further concessions but consider that unlikely, the people said.