China, US edge closer on climate and trade

China and the United States made progress in climate change and trade discussions on Thursday ahead of next week’s virtual meeting between the two countries’ top leaders.

The world’s two largest economies surprisingly released the US-China Joint Glasgow Declaration on Enhancing Climate Action in the 2020s at the COP26 climate summit in Glasgow. Both countries said they would recall their firm commitment to work together and with other parties to strengthen implementation of the 2015 Paris Agreement.

At the same time, US Trade Representative Katherine Tai said the Biden administration was gaining traction with China in talks over Beijing’s compliance with the phase-one trade deal signed between the two sides in January 2020. Tai said the US was weighing all of China’s shortcomings in the deal, including its lack of purchases of commercial aircraft.

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