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high positions USA D China On Tuesday, they held a “candid” dialogue via videoconference to discuss “serious” global economic issues, especially with regard to the supply chain.
Exchange between US Secretary of the Treasury, Janet Yellen and Chinese Vice Premier, Liu Heas President Joe Biden is considering removing some tariffs on Chinese imports to help curb inflation.
“The two sides agreed that in the face of the serious challenges facing the global economy, it is very important to strengthen macro-political ties and coordination between China D USA”, the official Chinese agency pointed out, Xinhua.
He added that “maintaining the stability of global industry and supply chains is in the interests of both countries and the whole world.”
According to Xinhua, the video call was made at the request of USA and called the conversation “constructive”.
Yellen and Liu “discussed macroeconomic and financial developments in the US and China, the global economic outlook amid rising commodity prices, and food security concerns,” the US Treasury Department said in a statement.
“Secretary Yellen has raised issues of concern, such as the impact of Russia’s war against Ukraine on the global economy and unscrupulous (Chinese) economic practices,” he added.
China has refused to condemn Russia’s invasion of Ukraine and has been accused of providing diplomatic cover for Moscow by criticizing Western sanctions and arms sales to Ukraine.
face inflation
The US is experiencing the highest inflation in 40 years, and the authorities are looking for ways to ease the pressure on prices.
One option is to lift some of the trade tariffs imposed on China by former President Donald Trump.
A decision on this may be made after these rates expire on July 6, unless they are renewed.
In a conversation with Yellen, Beijing “expressed concerns about issues such as the lifting of tariffs on China and US sanctions,” Xinhua said.
Contacts between Presidents Biden and Xi Jinping are expected in the coming weeks.
(AFP)
Source: RPP
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.