U.S. and China Discuss Bilateral Commercial Relationship

Commerce officials plan further meetings, China expresses concern over U.S. export controls and tariffs

U.S. Secretary of Commerce Gina Raimondo and China's Commerce Minister Wang Wentao met to discuss the U.S.-China bilateral commercial relationship.
The two officials discussed progress made under the commercial issues working group and planned to hold an in-person meeting in early 2024.
Technical discussions regarding strengthening the protection of trade secrets and confidential business information during administrative licensing proceedings are planned for January 2024.
Secretary Raimondo reinforced that U.S. export controls are targeted at technologies that have clear national security impacts or promote foreign policy objectives, and are not designed to contain China’s economic growth.
China's commerce minister expressed concern over U.S. semiconductor export controls, sanctions against China, and tariffs on Chinese imports.