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Raimondo Says "There Were No Setbacks" On "Productive" China Trip

US-CHINA

US Commerce Secretary Gina Raimondo has told reporters that her China trip had "no setbacks" and new mechanisms established during her trip mark "a big step forward" for China and the US.

  • Raimondo: "There were no setbacks. It was.. three days of productive meetings. And the biggest achievement was just to start regular communication..."
  • Raimondo: "This is the first time in more than five years that a U.S. Commerce secretary has come to China to have discussions. So the achievement was to have face-to-face discussions and to put on the table some of the biggest challenges in our trade and investment and our commercial relationship."
  • Raimondo: "It’s a big step forward. You can’t solve any problems without first communicating. And now we have to launch these different mechanisms, then see what problems we might be able to solve."
  • On a working group established to share information on US export controls, Raimondo said: "That’s not a working group on export controls to seek concessions, but it is an opportunity to share information and increase transparency, and I didn’t receive pushback on any of those."
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USEM BulletHomepagePolitical Market NewsPolitical RiskEmerging Market NewsPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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