WebSep 2, 2024 · Mutual reduction in trade tariffs would improve the U.S.-China relationship, said Frank Lavin, a former undersecretary of Commerce for international trade. WebU.S.-China Trade Tensions The United States and China are the world’s leading powers in terms of the size of their economies, defense budgets, and global greenhouse gas emissions. Both nations are permanent members of the United Nations Security Council. In 2024, they were each other’s largest trading partners.
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US-China tariffs: Former diplomat on trade tension, Biden
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