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4w ago

U.S. and China Trade Officials Hold Key Talks Amid Escalating Tariff Dispute

In their first communication since January, both sides raised serious concerns over trade policies and agreed to maintain dialogue despite rising tensions.

A drone view shows shipping containers from China, at the China Shipping (North America) Holding Company Ltd. facility at the Port of Los Angeles in Wilmington, California, February 4, 2025. REUTERS/Mike Blake/File Photo
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Overview

  • U.S. Trade Representative Jamieson Greer and Chinese Vice Premier He Lifeng conducted a video call on March 26, marking their first direct communication since President Trump's second term began in January.
  • China expressed 'solemn concerns' over U.S. tariffs linked to fentanyl issues, while proposing reciprocal duties on American imports.
  • Greer raised 'serious concerns' about China's allegedly unfair and anticompetitive trade practices, reflecting the ongoing grievances between the two nations.
  • Both sides acknowledged the importance of maintaining a stable economic relationship and agreed to continue communication on trade and economic matters.
  • The talks occurred as President Trump prepares to impose additional tariffs on Chinese goods next week, while China has already retaliated with targeted duties on U.S. exports like oil, LNG, and agricultural products.