• Sat. Sep 25th, 2021

mccoy.ventures

All content has been processed with publicly available content spinners. Not for human consumption.

China says trade envoy talks with US treasury secretary

China’s government says its chief trade envoy has talked with Treasury Secretary Janet Yelle, but it gave no indication when negotiations on ending their tariff war might resume

BEIJING — China’s chief trade envoy talked with Treasury Secretary Janet Yellen on Wednesday, the Chinese government said, but gave no indication when negotiations on ending their tariff war might resume.

Talking by video link, Vice Premier Liu He and Yellen discussed the economic situation, bilateral cooperation and other “issues of mutual concern,” according to a Commerce Ministry statement. It gave no details.

Liu talked by phone last week with Trade Representative Katherine Tai, the head of the U.S. delegation to the tariff talks. Tai’s office said she discussed her “ongoing review” of the trade relationship.

The two sides agreed in the “Phase 1” deal to suspend further tariff hikes on each other’s goods and to roll some back. China promised to buy more American soybeans and other exports. Beijing fell behind on meeting that commitment after the pandemic disrupted global trade.