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What President Joe Biden touted as a historic U.S. federal investment program that will position the country to win the global innovation race still leaves it well behind China’s continuing, giant infrastructure upgrading campaign.

President Joe Biden is betting that a multitrillion-dollar economic plan centered around infrastructure spending will do more than bolster an American economy hammered by the coronavirus pandemic: It will ensure his country’s competitiveness against China for decades to come.

The value of U.S. farm exports to China will touch $31.5 billion in the federal fiscal year ending Sept. 30, the highest ever, the U.S. Agriculture Department said Feb. 18 in a report.

SF Holding Co., one of the largest Chinese package-delivery services, is exploring a potential investment in tycoon Robert Kuok’s listed logistics business, people with knowledge of the matter said.

President Joe Biden’s administration is approaching its relationship with Beijing with “patience” and plans to review hard-line policies that were a hallmark of Donald Trump’s presidency, Press Secretary Jen Psaki said.

President-elect Joe Biden says he won’t immediately lift tariffs placed by President Donald Trump on many imports from China or break Trump’s initial trade deal.

Traton SE is stepping up expansion plans in China after Volkswagen AG’s truck division hammered out a deal to acquire Navistar International Corp. to boost its presence in North America.

Full Truck Alliance has raised $1.7 billion from investors including SoftBank Group Corp. and Tencent Holdings Ltd., a major cash infusion for the Uber-like trucking startup ahead of a potential initial public offering.

Minnesota transportation and logistics company C.H. Robinson says it has identified almost $1 billion in potential refunds of tariffs its American clients paid on Chinese imports.

President-elect Joe Biden isn’t likely to quickly unwind the tariffs President Donald Trump has imposed on Chinese imports, said Delaware Senator Chris Coons, a close ally of the incoming leader.