Cheraw Chronicle

Complete News World

‘China, US want to improve trade ties’

China and the United States want to improve their trade relationship. The two countries agreed on the first phone call between trade ministers since Joe Biden took office, the Chinese government said in a statement.

The Chinese said that China and the United States “exchanged honest and practical views on related issues and mutual concerns.” The Americans declined to comment on the talks, but it already seemed positive.

Last weekend, US Trade Representative Katherine Tai said trade relations between the two countries were “significantly unbalanced”. He said parts of the trade relationship between the two countries were unhealthy and, in some ways, damaging the US economy over time. The Biden administration has not yet made major changes to former President Donald Trump’s policies.

It was announced on Tuesday that the United States would step up its approach to unfair trade practices, especially by China. A special commission is being set up for this purpose, according to the Biden administration. In addition, access to critical products such as semiconductors and batteries for electric vehicles is reviewed.

You can follow these topics

READ  U.S. lower house members in action: Restrict the power of technology companies | Finance