The last contact between the negotiators was in August last year, during the administration of Donald Trump.
For the first time during Joe Biden’s presidency, US Trade Representative Catherine Tai held talks with Chinese Vice Premier Liu He regarding the trade dispute between the two countries. This was reported by dpa-international on Thursday, May 27.
“A frank, pragmatic, and constructive exchange of views took place between the Sorons,” the Chinese Ministry of Commerce said.
The US gave a similar assessment to the talks with Beijing, noting “a frank conversation between the parties.”
It is emphasized that such a choice of words in the diplomatic language, as a rule, indicates that during the discussions there were certain differences of opinion between the parties.
As you know, the trade dispute between Beijing and Washington has been going on for three years. The last contact between the negotiators was in August last year, during the administration of Donald Trump.
In January last year, the US and China reached a partial agreement on the so-called first phase of the trade agreement, which put on pause the escalation in the trade dispute between the countries. The agreement was to be reviewed every six months to monitor its implementation.
According to this agreement, China has committed to significantly increase imports from the United States under the agreement. Beijing is also demanding that the US lift “punitive” tariffs imposed by Trump on almost all imports from China.