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Trang chủ » Commerce leaders from U.S. and China convene to converse about trade apprehensions.

Commerce leaders from U.S. and China convene to converse about trade apprehensions.

U.S., China's top commerce officials meet to discuss trade concerns

U.S., China’s top commerce officials meet to discuss trade concerns

Senior officials from the US and China have resumed talks on trade for the first time in months, with Commerce Secretary Gina Raimondo meeting her Chinese counterpart, Wang Wentao, in Washington DC on Thursday. The two officials discussed issues related to the commercial relationship between the two countries, including the difficulties faced by American businesses operating in China. Raimondo also expressed concerns over recent “actions taken against US companies operating in the PRC”. The meeting comes amidst tensions between the world’s two largest economies, with reports suggesting the US may look to limit American investments in China.

What issues did Raimondo and Wang discuss?

The senior officials discussed the US-China commercial relationship, particularly difficulties faced by American companies operating in China. Raimondo raised concerns over recent “actions taken against US companies operating in the PRC”.

What concerns were raised by both sides?

Raimondo and Wang also highlighted concerns over the overall environment for trade and investment in both countries. Wang also raised concerns over US policies on semiconductors and export controls.

What impact could the meeting have on US-China relations?

The meeting was the first cabinet-level exchange between the two countries in several months. While no significant progress was made, the talks showed a willingness by both sides to engage in dialogue, rather than continuing to escalate hostilities.

FAQs by Jellyfish Operations

U.S., China's top commerce officials meet to discuss trade concerns
U.S., China’s top commerce officials meet to discuss trade concerns

Commerce officials from U.S. and China convene to talk about trade issues.

In a move marking the first cabinet-level exchange between the two countries in months, U.S. Secretary of Commerce Gina Raimondo met with her Chinese counterpart Wang Wentao in Washington D.C. on Thursday to discuss concerns surrounding bilateral trade. The discussions centered on American companies operating in China, with the Commerce Department releasing a readout stating that “the two had candid and substantive discussions on issues relating to the U.S.-China commercial relationship, including the overall environment in both countries for trade and investment and areas for potential cooperation.” Raimondo also raised concerns about recent actions taken against U.S. companies operating in the PRC. The talks follow a period of strained relations between the world’s largest economies, with market observers monitoring the possibility of the U.S. imposing restrictions on American investments into China.

As the bilateral exchange took place, the Group of Seven leaders gathered in Hiroshima and vowed to “de-risk and diversify” from Chinese reliance, citing distortions to the global economy caused by Beijing’s practices. China has reportedly conducted inspections on U.S. audit firms in the mainland over national security breaches and announced plans to restrict the purchase of products from U.S. memory chipmaker Micron. The move prompted a response from the U.S. Commerce Department’s spokesperson, who stated that the department firmly opposes restrictions that have no basis in fact and will seek clarity from the Chinese government. Wang’s meeting with Raimondo was followed by a release from China’s Ministry of Commerce, in which Wang raised concerns over U.S. policies on semiconductors and export controls. The two sides agreed to establish channels of communication to strengthen exchanges on specific economic and trade concerns and cooperation matters, with Wang expected to meet with U.S. Trade Representative Katherine Tai during his visit to the U.S. for the Asia-Pacific Economic Cooperation trade ministers’ meeting.

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