China Vice-Premier Liu He holds talks with US trade chief

BEIJING (REUTERS, XINHUA, BLOOMBERG) – China and the United States agreed that the development of bilateral trade is very important, China’s commerce ministry said, adding that both sides exchanged views on issues of mutual concern.

The ministry said in a statement on its website that Vice-Premier Liu He spoke with US Trade Representative Katherine Tai on Thursday (May 27), and described the talks as candid, pragmatic and constructive.

The two sides also consented to continue with maintaining communication.

During the call, Ms Tai voiced issues of concern, her office said in a statement.

“During their candid exchange, Ambassador Tai discussed the guiding principles of the Biden-Harris administration’s worker-centered trade policy and her ongoing review of the US-China trade relationship, while also raising issues of concern,” it said, referring to the administration of President Joe Biden and Vice-President Kamala Harris.

Ms Tai also told Mr Liu that she looks forward to future discussions.

During the call, the Chinese stressed the importance of tariff roll-backs as a necessary component of next steps in the relationship, according to a person familiar with the matter.

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