Biden Team Weighs China Trade Probe in Bid to Press Beijing

The transcript discusses the current state of US-China relations under President Biden, highlighting a recent phone call with Xi Jinping. Biden's administration maintains a different tone towards China, yet frustrations persist. Xi Jinping, through CCTV News, expressed that US policies have caused significant difficulties in bilateral relations. The discussion also touches on the challenges of returning to pre-Trump relations and the potential for a new US investigation into Chinese subsidies, which could impact the US economy. Key figures like Trade Representative Katherine Tai and Commerce Secretary Gina Raimondo are involved in these discussions.

What are the potential impacts of Chinese subsidies on the US economy?

What was discussed by the United States Trade Representative and the Commerce Secretary on Friday?