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The Agriculture Department expects China to import a record-setting $27 billion worth of U.S. agricultural goods in fiscal year 2021, but to fall short of the more than $40 billion year-two target for U.S. agricultural imports set in the U.S.-China phase-one trade agreement, according to a quarterly forecast issued on Monday.

The Export-Import Bank will solicit additional feedback on its content policy for the bank’s novel China program, Ex-Im announced on Tuesday.

President-elect Joe Biden’s reported pick to lead the Treasury Department, Janet Yellen, has advocated for a World Trade Organization-compliant carbon tax, while his choice for national security adviser, Jake Sullivan, says the Biden administration’s approach to China will begin with domestic policy and building international alliances.

President-elect Joe Biden likely will seek to strengthen trade ties with Taiwan once he takes office, Taiwan Deputy Economic Minister Chern-Chyi Chen told Inside U.S. Trade on Thursday.

For the Trump administration, World Trade Organization reform is not possible without an acknowledgment from all countries that membership requires market-oriented policies -- but this fundamental priority, like many U.S. reform proposals, faces a China-sized stumbling block as the organization limps into its 26th year.

President Trump is no longer scheduled to deliver a speech on the “future of trade” at the Asia-Pacific Economic Cooperation forum’s CEO Dialogues.

A new list of grievances against Australia issued by China on Wednesday echoes many of the concerns the Chinese government has expressed about the United States.