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US-China Trade Talks: "Candid" Call Held Amid Tensions
30 Apr
Summary
- China expressed serious concern over recent U.S. trade restrictions.
- Both sides agreed to manage differences and enhance cooperation.
- A summit between leaders is expected in mid-May.
Chinese Vice Premier He Lifeng engaged in "candid, in-depth and constructive exchanges" with U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer during a Thursday video conference. The call aimed to address mutual economic and trade issues and expand pragmatic cooperation.
During the discussion, China articulated "serious concern" over the United States' recent restrictive trade measures. Despite these tensions, both parties affirmed their commitment to further enhancing consensus, effectively managing existing differences, and strengthening their cooperative relationship.
The video call occurred weeks before an anticipated mid-May summit between U.S. President Donald Trump and Chinese President Xi Jinping. Both nations are reportedly seeking to bolster their leverage ahead of this high-level meeting, with recent actions including U.S. curbs on tool shipments to a major Chinese chipmaker and Beijing implementing trade measures potentially impacting U.S. supply chain diversification efforts.
