New China-US contact aimed at resolving trade disputes

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An attempt to restart the dialogue, in order to resolve their many disputes in its field trade they do Beijing and Washington. THE Deputy Prime Minister of China Liu He, responsible for financial issues, discussed yesterday Monday with US Secretary of the Treasury Janet Glenn and their talks were “pragmatic, honest and constructive,” according to a press release from the Chinese Ministry of Commerce.

China referred to Her “concern” about US trade sanctions and asked to be removed, it is clarified. The two sides “agreed to continue the dialogue”, the text added.

“Developments in our two economies have a significant impact on the global economy,” Ms. Jellen was quoted as saying by the official US report, which also described the two officials’ contact as “sincere.”

It was Liu Hee’s second discussion with Joe Biden’s government official this month;

The relations of the two largest economies on the planet they reached their nadir during the days of the previous US administration of the Republican president Donald Trump, who declared an economic war on the Asian giant, reminds the Athenian – Macedonian News Agency. This translated into a barrage of punitive additional customs duties on various goods, which largely continue to be imposed, despite the truce between the two sides since January 2020.

The bilateral trade war has hit global supply networks hard.

Beijing and Washington signed a trade war truce, known as Phase 1, in early 2020, shortly before the whole world was paralyzed by the new pandemic. coronavirus.

Under the deal, China pledged to buy extra $ 200 billion worth of US goods over two years.

The two sides agreed – according to the Chinese announcement – to strengthen their communication and coordination on macroeconomic issues.

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