In detail: high-level economic talks between America and China
Speaking Friday to Chinese Vice Premier He Lifeng, according to a senior official in the President’s administration.
The high-level economic talks come in light of the escalation in trade tension between the two largest economic powers after Beijing announced the tightening of export controls for rare earths, which sparked an angry response from US President Donald Trump.
Economic talks between China and America
Trump was quick to threaten to impose Trade tensions between Washington and Beijing The source did not disclose any additional details regarding the content of the upcoming call between Besant and her. Trade tensions between China and the United States erupted again this year when Trump announced large-scale tariffs on American imports, while both parties took mutual retaliatory steps. /> The two powers have since reduced the customs duties imposed by each other in the framework of a still fragile truce. Besant accused China of seeking to harm the other. The global economy after Beijing announced its new controls on exports, while the US Treasury Secretary said that he would speak with his country’s allies in an effort to determine the response. Pisant said in a press conference on Wednesday. "We will not leave a bunch of bureaucrats in Beijing trying to manage global supply chains".
At some point, the duties imposed by both sides exceeded 100 percent, which led to a cessation of part of the trade while businesses waited for a solution.Customs duties between America and China
