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US Trade Representative discusses cooperation with Chinese minister

US Trade Representative discusses cooperation with Chinese minister

WASHINGTON, May 26 (Reuters) – U.S. Trade Representative Katherine Tai discussed the importance of U.S.-China trade relations in a meeting with U.S. Minister Wang Wentao on Friday, her office said.

Tai stressed the importance of keeping the lines of communication between Washington and Beijing open when the two officials spoke on the sidelines of a meeting of the Asia-Pacific Economic Cooperation (APEC) Forum in Detroit, according to the statement.

“Representative Tai stressed the need to address critical imbalances caused by China’s state-led, non-market-based approach to the economy and trade policy,” the statement said, referring to the meeting with the minister. Chinese Trade.

“He also expressed concern about the PRC’s actions against US companies operating there,” it added.

The talks came a day after US Commerce Secretary Gina Raimondo and Wang exchanged criticism of trade, investment and export policies at their own meeting, the first cabinet-level exchange between the two countries in months. .

US President Joe Biden and his Chinese counterpart, Xi Jinping, promised more frequent communications at a G20 summit in Indonesia last November to prevent tensions between the two powers from escalating into a new Cold War.

But those plans suffered several setbacks, beginning with the downing of a Chinese spy balloon in US coastal waters.

The acrimony continued until last Sunday, when G7 leaders vowed to resist China’s “economic coercion” and Beijing responded by declaring US memory chip maker Micron Technology a national security risk, banning its sales to domestic industries. clue. (Reporting by Ismail Shakil and Doina Chiacu. Editing in Spanish by Marion Giraldo)

Source: Ambito

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