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US, China trade negotiators hold “clear exchange”

The US and China recognized the importance of bilateral trade relations and influence. (file)

Washington:

US Trade Representative Catherine Tai spoke with Chinese Deputy Prime Minister Liu He on Friday evening to discuss Chinese commercial practices that Washington considers unfair.

“During their candid exchanges, Ambassador Tai and Vice Premier Liu acknowledged the importance of the bilateral trade relationship and the impact it is having on not only the United States and China, but the global economy,” the USTR said in a statement.

This was the second consultation between the two countries’ chief trade negotiators after ties were severely damaged under former US President Donald Trump. The two last spoke in May.

Friday’s talks “are an opportunity for the United States and China to build a trade relationship that is managed responsibly,” a USTR official said on condition of anonymity.

USTR said Tai outlined US concerns “related to China’s state-led, non-market policies and practices that harm American workers, farmers and businesses.”

The Biden administration says China’s heavy government subsidies for national companies, intellectual property theft and other factors create a very uneven playing field in trade.

(Except for the title, this story has not been edited by NB staff and is published from a syndicated feed.)

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