US-China trade talks intensify despite tensions

28 May 2023, 07:10 | Economy 
фото с Зеркало недели

U.S. Trade Representative Katherine Tai met with China's Commerce Minister Wang Wentao on the sidelines of the Asia-Pacific Economic Cooperation conference in Detroit, Financial Times reports..

Tai expressed concern about Beijing's actions against US companies, as well as its "

Wentao highlighted China's concerns about Taiwan, tariffs imposed by ex-president Donald Trump on US companies buying goods from China, and President Joe Biden's Indo-Pacific Economic Framework, a trade deal that ignores China and focuses on infrastructure, supply chain resilience.

The meeting came five days after the US president predicted a quick "

Since Friday's meeting, both sides stressed the need to keep channels of communication open..

Earlier in May, Wang Yi, China's top diplomat, met with US National Security Adviser Jake Sullivan in Vienna in an attempt to stabilize relations..

Analysts are now urging Washington and Beijing to seize the rare opportunity for high-level bilateral discussions..

This includes the possibility of a new round of global warming talks between John Kerry and Xie Zhenhua, the climate commissioners of the world's two largest economies, who have previously pledged joint climate action despite tense relations.. There are also hopes that Xi and Biden may meet during the US APEC leaders' summit in November..

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But overall, efforts to improve U.S.-China diplomatic engagement are sluggish.. The parties are in conflict over new restrictions on access to technology, as well as Xi Jinping's support for Vladimir Putin's policies, in particular with regard to Ukraine..

Last week, China ordered a slew of its infrastructure companies to halt purchases from U.S. chipmaker Micron, just hours after the G7 issued its harshest criticism of Beijing..

On Wednesday, Xi met Russian Prime Minister Mikhail Mishustin in Beijing and called for deepening trade, economic and energy ties with Moscow despite Western demands to cut support for Putin..

Also on Friday, the Justice Department filed charges against two Los Angeles residents of taking bribes and participating in a scheme targeting U.S.-based followers of Falun Gong, a religious movement outlawed in China.. "

Источник: Зеркало недели