High-Powered Discourse
A video conference was convened between China’s Vice Premier He Lifeng and the United States Treasury Secretary Scott Besant for purposes of consultation regarding the economic relations and trade policies.
China’s Worries
China has expressed serious concerns over tariffs and trade restrictions imposed by the United States and called for more dialogue on those issues.
American Reaction
The US Treasury Secretary raised issues about what many saw as negative China’s economic policy, its war on narcotics, and trade imbalance.
Increases in Tariffs Recently
This month, the US slapped a 10-per cent tariff on all Chinese products and retaliated with up to 15-per cent tariffs targeting select US imports under the categories of energy and agricultural equipment.