China’s chief economic envoy and Treasury Secretary Janet Yellen have held their first meeting by video but the two sides gave no indication when negotiations on ending their tariff war might resume
BEIJING — China’s chief economic envoy and Treasury Secretary Janet Yellen held their first meeting by video Wednesday, but the two sides gave no indication when negotiations on ending their tariff war might resume.
Vice Premier Liu He and Yellen discussed the economic situation, bilateral cooperation and other “issues of mutual concern,” the Commerce Ministry said. Yellen’s department said she also discussed “frankly tackling issues of concern.” They gave no details.
Liu talked by phone last week with Trade Representative Katherine Tai, the head of the U.S. delegation to the tariff talks. Tai’s office said she discussed her “ongoing review” of the trade relationship.
The two sides agreed in the “Phase 1” deal to suspend further tariff hikes on each other’s goods and to roll some back. China promised to buy more American soybeans and other exports. Beijing fell behind on meeting that commitment after the pandemic disrupted global trade.