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Trade war

Biden's new trade policy draws praise in Beijing, but baffles D.C.

Will 'Trump lite' work? Critics call for a 'rest of the world' strategy that ignores China

Container ships wait off the coast of the congested Ports of Los Angeles and Long Beach in Long Beach, California, on Oct. 1.   © Reuters

NEW YORK -- Beijing responded positively to last week's speech in which U.S. Trade Representative Katherine Tai outlined President Joe Biden's new approach to trade with China, particularly taking note of a word she used in the Q&A session: "recoupling."

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