![European Commission chief Ursula von der Leyen said on Friday that she and United States President Joe Biden agreed to suspend all tariffs imposed in the context of the Airbus-Boeing disputes, both on aircraft and non-aircraft products, for at least four months [File: Francisco Seco/AP Photo]](/wp-content/uploads/2021/03/EU.jpg?resize=570%2C380)
The four-month suspension is the first step of normalising trade relations between the US and EU in the post-Trump era.
Trade War
![January trade data is the last to include the period covering former United States President Donald Trump's administration, which started a trade war with China and imposed tariffs on American allies, upending seven decades of US policy [File: Ted S Warren/AP Photo]](/wp-content/uploads/2021/03/trade.jpg?resize=570%2C380)
US imports of goods broke a record in January, rising to $68.2bn from $67bn in December, the Commerce Department said.
![Chinese Premier Li Keqiang says China plans to accelerate free-trade negotiations with Japan and South Korea, both of which rely on the US for defence [Tyrone Siu/Reuters]](/wp-content/uploads/2021/03/2021-03-05T041950Z_1916292743_RC2S4M96ZE3K_RTRMADP_3_CHINA-PARLIAMENT.jpg?resize=570%2C380)
Beijing will promote growth of ‘mutually beneficial’ China-US business relations, Premier Li says in annual parliament.
![President Biden's US trade representative nominee Katherine Tai is expected to be confirmed by the Senate [File: Bill O'Leary/The Washington Post/Bloomberg]](/wp-content/uploads/2021/03/368864433.jpg?resize=570%2C380)
Katherine Tai says she will will treat Chinese censorship as a trade barrier and fight ‘unfair’ economic practices.
![Katherine Tai, President Joe Biden's nominee to be the next United States Trade Representative, says trade liberalisation in the past too often led to less prosperity, and lower labour and environmental standards [Bill O'Leary/Pool via Reuters]](/wp-content/uploads/2021/02/2021-02-25T184620Z_1034187441_RC2TZL97BB5X_RTRMADP_3_USA-BIDEN-USTR.jpg?resize=270%2C180)
Joe Biden’s trade strategy looks to incorporate environmental goals, advance racial equity and partner with US allies.
![Ngozi Okonjo-Iweala, 66, is both the first woman and the first African person to serve as the World Trade Organization's director-general [Fabrice Coffrini/Reuters]](/wp-content/uploads/2021/03/WTO-1.jpg?resize=270%2C180)
Director-General Ngozi Okonjo-Iweala also called on WTO’s member states to adopt sustainable fishing practices.
![New Director-General of the World Trade Organization Ngozi Okonjo-Iweala on Monday attends a session of the WTO General Council upon her arrival at the WTO headquarters in Geneva, Switzerland [Fabrice Coffrini/Reuters]](/wp-content/uploads/2021/03/WTO.jpg?resize=270%2C180)
On her first day on the job, World Trade Organization chief Ngozi Okonjo-Iweala held talks with its 164 member states.
US Trade Representative nominee’s stance suggests permanent shift away from liberalisation policies of pre-Trump era.
![Chinese Foreign Minister Wang Yi delivers his opening remarks at the Lanting Forum on bringing China-US relations back to the right track, at the Ministry of Foreign Affairs office in Beijing on Monday, February 22, 2021 [Andy Wong/ AP]](/wp-content/uploads/2021/02/AP_21053100222741.jpg?resize=270%2C180)
Wang Yi calls on Washington to stop meddling in internal affairs, lift trade restrictions and people-to-people contacts
![Asked on CNBC if import tariffs imposed by the Trump administration on Chinese goods have worked, US Treasury Secretary Janet Yellen hesitated, then said: 'We'll look at that.' [File: Bloomberg]](/wp-content/uploads/2021/01/367473219.jpg?resize=270%2C180)
Yellen also says tax hikes would be needed to pay for large infrastructure, climate and education investment plan.
![The US House of Representatives bill would require financial disclosures by US companies about engagement with Chinese firms and entities engaged in abuses of Uighurs and other Muslims in Xinjiang [File: Reuters]](/wp-content/uploads/2021/02/uighur.jpg?resize=270%2C180)
The bill allows the United States to take action against goods produced with forced labour in Xinjiang.
![China's box-office takings are expected to return to pre-COVID-19 highs [File: Liu Shuaiye/VCG/Getty Images]](/wp-content/uploads/2021/02/368150494.jpg?resize=270%2C180)
A preference for local movies as well as ongoing US-China tensions have eroded the market for Hollywood movies in China.
![Oracle, Walmart and others could still be part of a potential deal, the Wall Street Journal reported, but it depends on how the Biden administration pursues the policies against TikTok that were launched by the Trump administration [File: Dado Ruvic/Illustration/Reuters]](/wp-content/uploads/2020/11/tiktok-1.jpg?resize=270%2C180)
The Wall Street Journal reported the sale of the popular video-sharing app has been put on hold indefinitely.
![The World Trade Organization plans to hold a meeting in the coming days where its members will consider a final decision on Ngozi Okonjo-Iweala [File: Fabrice Coffrini/AFP/Getty Images]](/wp-content/uploads/2021/02/wto.jpg?resize=270%2C180)
The incoming head of the World Trade Organization is known for shaking things up and holding power to account.