The Strategist

US and China agree on additional consultations on trade relations


10/11/2021 - 07:32



US Trade Representative Katherine Tai and Chinese Vice Premier Liu He held talks via video link.



USDA/LANCE CHEUNG
USDA/LANCE CHEUNG
They agreed to hold further consultations on trade relations. Ms Tai said the US was concerned about China's "non-market policies and practices".

"Tai and Vice Premier Liu He reviewed the progress of the US-China economic and trade agreement and agreed that both sides would consult on some outstanding issues," the trade representative's office said in a statement on Twitter.

The two sides are said to have recognised the importance of the bilateral trade relationship and its impact not only on the US and China, but also on the world. Ms Tai said China's non-market policies were hurting US workers, farmers and businesses.

The US announced last week that it was ready to make exemptions to a series of duties on Chinese imports imposed by the Donald Trump administration. The tariffs, which average more than 15%, now cover $370bn worth of shipments to the US.

source: cnn.com