According to a statement from China's Ministry of Commerce, Vice Premier and Chief Trade Negotiator Liu Hi is in an online meeting with US Foreign Trade Representative Katherine Tai to discuss the details of the "Phase 1" agreement with the previous US President Donald Trump administration to mutually suspend tariff increases. got together.
CANNOT EXCHANGE OPINIONS
At the meeting attended by the representatives of the two countries, it was stated that the parties "exchanged pragmatic, constructive and sincere views".
US Foreign Trade Representative Tai, at the meeting he attended at the Center for Strategic and International Studies (CSIS), headquartered in Washington on October 4, emphasized that the terms of the first phase agreement between Washington and Beijing to suspend mutual increases in tariffs at the beginning of 2020 should be met.
Tai stated that the USA's concerns about China's state-centered and non-market trade practices, which were not addressed in the first phase trade agreement, continued and that they would convey this to their Chinese counterparts in the negotiations. Liu also wanted the additional tariffs and export bans imposed by the US on Chinese products after the agreement to be cancelled.
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