US and China expand trade talks despite tensions
Joe Biden’s top trade official and China’s commerce minister are meeting over an economic and trade dispute, the latest sign of tentative efforts to stabilize ties between the two superpowers.
US Trade Representative Catherine Tai met with China’s Commerce Minister Wang Wentao on the sidelines of the Asia-Pacific Economic Cooperation Conference in Detroit on Friday. He expressed concern over Beijing’s behavior toward U.S. companies and its “non-market” approach to economic and trade policy, according to a statement from the prime minister’s office.
A statement from China’s Ministry of Commerce said Mr Wang had signed Taiwan, Trump-era tariffs on U.S. companies buying from China, and Biden, a trade deal that excludes China and focuses on infrastructure, supply chain resilience and clean energy. He stressed China’s concerns about his Indo-Pacific economic framework. .
The meeting took place five days after the US president predicted an imminent “thaw” in relations after the G7 summit. It also came a day after Wang met with US Commerce Secretary Gina Raimond, the first visit to the US capital by a Chinese official since 2020.
After Friday’s meeting, both sides stressed the need to keep communication channels open.
In early May, China’s top diplomat, Wang Yi, met with US National Security Advisor Jake Sullivan in Vienna in a bid to stabilize relations.
Analysts are now calling on Washington and China to take advantage of this policy. rare occasion Towards high-level bilateral talks.
This includes the possibility of new global warming talks between John Kerry and Xie Zhenhua, who are now climate change envoys for the world’s two largest economies. Pledge joint action on climate change Despite the strained relationship. There is also hope that Mr. Xi and Mr. Biden could meet at the APEC summit in the United States in November.
Still, U.S.-China relations are at their worst in decades, and efforts to improve diplomatic work have struggled. struggling to make progressThe two countries are clashing over new restrictions on access to technology and Xi Jinping’s support for President Vladimir Putin’s invasion of Ukraine.
China last week told some infrastructure companies Stop buying from US chip maker Micronjust hours after the G7 released its harshest criticism of Beijing.
Xi met with Russian Prime Minister Mikhail Mishustin in Beijing on Wednesday to counter Western pressure to cut support for Putin and called for deepening trade, economic and energy ties with Moscow.
Also on Friday, the Justice Department lifted charges against two Los Angeles residents of bribery and participation in a state-sponsored program targeting Falun Gong practitioners based in the United States.
Deputy Attorney General Lisa Monaco said: “The Department of Justice continues to expose the Chinese government’s brazen attempts to carry out cross-border crackdowns, this time an attempted bribery.”
Additional reporting by James Politi from Washington and Maiqi Ding from Beijing
Summarize this content to 100 words
Joe Biden’s top trade official and China’s commerce minister are meeting over an economic and trade dispute, the latest sign of tentative efforts to stabilize ties between the two superpowers.US Trade Representative Catherine Tai met with China’s Commerce Minister Wang Wentao on the sidelines of the Asia-Pacific Economic Cooperation Conference in Detroit on Friday. He expressed concern over Beijing’s behavior toward U.S. companies and its “non-market” approach to economic and trade policy, according to a statement from the prime minister’s office.A statement from China’s Ministry of Commerce said Mr Wang had signed Taiwan, Trump-era tariffs on U.S. companies buying from China, and Biden, a trade deal that excludes China and focuses on infrastructure, supply chain resilience and clean energy. He stressed China’s concerns about his Indo-Pacific economic framework. .The meeting took place five days after the US president predicted an imminent “thaw” in relations after the G7 summit. It also came a day after Wang met with US Commerce Secretary Gina Raimond, the first visit to the US capital by a Chinese official since 2020.After Friday’s meeting, both sides stressed the need to keep communication channels open.In early May, China’s top diplomat, Wang Yi, met with US National Security Advisor Jake Sullivan in Vienna in a bid to stabilize relations.Analysts are now calling on Washington and China to take advantage of this policy. rare occasion Towards high-level bilateral talks.This includes the possibility of new global warming talks between John Kerry and Xie Zhenhua, who are now climate change envoys for the world’s two largest economies. Pledge joint action on climate change Despite the strained relationship. There is also hope that Mr. Xi and Mr. Biden could meet at the APEC summit in the United States in November. Still, U.S.-China relations are at their worst in decades, and efforts to improve diplomatic work have struggled. struggling to make progressThe two countries are clashing over new restrictions on access to technology and Xi Jinping’s support for President Vladimir Putin’s invasion of Ukraine.China last week told some infrastructure companies Stop buying from US chip maker Micronjust hours after the G7 released its harshest criticism of Beijing.
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Xi met with Russian Prime Minister Mikhail Mishustin in Beijing on Wednesday to counter Western pressure to cut support for Putin and called for deepening trade, economic and energy ties with Moscow.Also on Friday, the Justice Department lifted charges against two Los Angeles residents of bribery and participation in a state-sponsored program targeting Falun Gong practitioners based in the United States.Deputy Attorney General Lisa Monaco said: “The Department of Justice continues to expose the Chinese government’s brazen attempts to carry out cross-border crackdowns, this time an attempted bribery.”Additional reporting by James Politi from Washington and Maiqi Ding from Beijing
https://www.ft.com/content/5ae755b3-8d21-48ac-ab37-d9ebd654a5e2 US and China expand trade talks despite tensions
