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The lack of a clear agenda on trade and investment policy toward China by the Biden administration has created uncertainty that is hurting American companies that aim to do business with the country, the president of an influential U.S.-China business group said on Wednesday.

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Greg Dalpe, a manufacturing executive in Upstate New York, expected President Biden to undo the damage his White House predecessor had done to trade links with China. Instead, the new president has only made things worse.

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The US business community has piled pressured on the White House to restart trade talks and adjust tariffs with China.

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Owing to the bitter China-U.S. trade row over tariffs, the American retail industry is still neck-deep in trouble and anguish.

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The administration of US President Joe Biden appeared to shrug off a new pressure campaign from business groups urging Washington to remove Trump-era tariffs on Beijing.

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Many US politicians have been pushing for an economic decoupling from China, but latest trade data shows that the two biggest economies remain strong in terms of trade despite tense bilateral relations, showing the failure of the US' decoupling efforts, Chinese analysts said on Sunday.

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Container shipping rates from China to the United States have scaled fresh highs above $20,000 per 40-foot box as rising retailer orders ahead of the peak U.S. shopping season add strain to global supply chains.

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China is still falling short of meeting an agreement to reduce its U.S. trade surplus

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China and the U.S. are shipping goods to each other at the briskest pace in years, making the world’s largest bilateral trade relationship look as if the protracted tariff war and pandemic never happened.

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There's no winner from the trade war between China and the US, and China hopes the US will work with the Chinese side to properly handle bilateral trade and economic issues based on mutual respect and equal negotiations, and to promote the sound and stable development of bilateral economic and trade relations, China's Foreign Ministry (FM) said on Monday.

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