Home / Knowledge / News / Textiles / China urges US to end additional tariffs in Yellen-Liu video meet

China urges US to end additional tariffs in Yellen-Liu video meet

02
Nov '21

Pic: Tanita Chunsiripongpann|Dreamstime.com

China last week reiterated that lifting additional tariffs by the United States is in the fundamental interests of consumers and producers on both sides and is conducive to global economic recovery. The Chinese commerce ministry made the remarks after vice premier Liu He held a video conversation with US treasury secretary Janet Yellen at US invitation.

China expressed concern over issues, including the lifting of additional tariffs, US sanctions and the fair treatment of Chinese companies, during the conversation.

Ministry spokeswoman Shu Jueting said the two sides held discussions for about 90 minutes, and conducted pragmatic, professional and in-depth exchanges on a wide range of topics concerning economics and trade.

They discussed the macroeconomic situation and policies of both the countries, including economic growth conditions, inflationary pressure, financial stability, supply chains and other issues, official Chinese media reported.

They also exchanged views on specific cooperation in multilateral and bilateral fields such as financial market supervision and cooperation under the G20 framework, Shu added.

Liu, who is also a member of the political bureau of the Communist Party of China Central Committee and chief of the Chinese side of the China-US comprehensive economic dialogue, has spoken twice with both Yellen and US trade representative Katherine Tai via video and telephone since May this year, according to the ministry.

Both sides agreed to continue communication at all levels to focus on practical cooperation and solving specific problems from the perspective of both countries and the whole world, she said.

Shu said the US move is an over-generalisation of the concept of national security, abuse of national power and malicious suppression of a Chinese company without basis in facts. It also undermined the atmosphere of cooperation between the two sides, she added.

Fibre2Fashion News Desk (DS)

More United States Trade Representative News... More Textiles News - China...