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The requirement of an annual waiver was inconsistent with the rules of the World Trade Organization, and for the PRC to join the WTO, Congressional action was needed to grant permanent normal trade relations (PNTR) to China. [12] This was accomplished in 2000 with the United States–China Relations Act of 2000, allowing China to join WTO in 2001.
The State of Texas is taking action against China that some are worried could trigger a trade war with the superpower. Texas Rep. Gene Wu raises concerns about state's potential trade war with ...
It was the first time in more than two decades that Americans bought more merchandise from Mexico than China. Overall, the U.S. trade deficit of all goods and services fell last year by almost 19% ...
China's economy is "one of the most restrictive investment climates in the world", read the expanded section on economic ties that highlighted the U.S-China trade deficit and U.S. businesses ...
An earlier diplomatic mission had been established by the Republic of China government and was in existence by 1935. [1] Opened in 1979 by the People's Republic of China, it was the first Chinese consulate general to be established in the United States. On July 24, 2020, the consulate was ordered to close by the United States government. [2]
Chinese leader Xi Jinping with former U.S. President Joe Biden at the 17th G20 in Bali, November 2022.. The relationship between the People's Republic of China (PRC) and the United States of America (USA) has been complex and at times tense since the establishment of the PRC and the retreat of the government of the Republic of China to Taiwan in 1949.
The US president is dealing with a far more confident China than he did back then. Beijing has expanded its global footprint, and it is now the lead trade partner for more than 120 countries.
The US government has at times criticized various aspects of the US-China trade relationship, including large bilateral trade deficits, and China's relatively inflexible exchange rates. [23] The administrations of George W. Bush and Barack Obama imposed quotas and tariffs on Chinese textiles in order to shield US domestic producers, accusing ...