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Free AccessTai Discussed "Critical Imbalances" In Meeting With Chinese Com Min
United States Trade Representative Katherine Tai held a crucial meeting with Chinese Commerce Minister Wang Wentao today on the margins of the APEC trade meeting in Detroit today.
- According to a USTR statement, "Ambassador Tai also discussed the importance of the U.S.-China trade relationship in the global economy and the need for both sides to continue engaging with one another."
- "Ambassador Tai highlighted the need to address the critical imbalances caused by China’s state-led, non-market approach to the economy and trade policy. She also raised concerns about PRC actions taken against U.S. companies operating there."
- The meeting follows a meeting between Wang and Commerce Secretary Gina Raimondo yesterday - the first two cabinet-level meetings between US and Chinese officials since the 'spy balloon' incident in February.
- President Biden told reporters at the G7 last week that he expects to see a "thaw" in US Chinese relations and White House officals have stated that Biden is likely to hold a face-to-face meeting with Chinese President Xi Jinping in the coming months.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.