US-China Trade Talks Yield Little Progress but Pledge for Continued Communication
- Commerce Secretary Gina Raimondo and Chinese counterpart Wang Wentao expressed concern about each other's government policies during talks in Washington this week.
- Wang Wentao attended an Asia Pacific Economic Cooperation forum trade minister meeting in Detroit where he also met with top American trade officials including US Trade Representative Katherine Tai.
- The meetings were aimed at restarting trade talks between the world's two largest economies amid ongoing tensions and disagreements over tariffs, technology, and security.
- While no major breakthroughs were achieved, both sides agreed to strengthen communication on trade issues going forward.
- The discussions took place against the backdrop of supply chain disruptions, lost business, and economic uncertainty resulting from the trade war between the US and China.