US-China Economic and Trade High-Level Call Paves Way for Trump-Xi Meeting, Mutual Dissatisfaction with Trade Policies Expressed
High-level US and Chinese economic officials held 'candid' talks on April 30 to prepare for the upcoming Trump-Xi meeting in May, with both sides expressing dissatisfaction over each other's trade policies.
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Central News Agency
(Washington/Beijing, April 30, Comprehensive Foreign Report by Central News Agency) According to the US Treasury Department and Chinese state media reports, high-level US and Chinese economic and trade officials held "candid" discussions on April 30, paving the way for the scheduled May meeting between US President Donald Trump and Chinese President Xi Jinping. Both sides expressed dissatisfaction with each other's trade policies.
Reuters reported that US Treasury Secretary Scott Bessent posted on social media platform X, stating that he spoke with Chinese Vice Premier He Lifeng to discuss Trump's planned visit to Beijing from May 14 to 15.
Bessent stated: "Our talks were candid and comprehensive, and I emphasized that China's recent provocative extraterritorial regulations have a chilling effect on global supply chains."
This statement breaks the Trump administration's near silence on Beijing's new supply chain regulations, which have caused unease among US businesses. Analysts say these measures are a significant escalation that could severely undermine US efforts to reduce its dependence on Chinese supply chains.
Bessent did not provide a US response to the new regulations but expressed anticipation for a "fruitful meeting between President Trump and President Xi in Beijing."
China Central Television reported that He Lifeng, Bessent, and Greer had "candid, in-depth, and constructive exchanges" via video conference. The report stated that the Chinese side expressed serious concerns about recent US restrictions on China's economic and trade activities, but both sides agreed to continuously increase consensus, manage differences, and strengthen cooperation.
Washington recently restricted US chip equipment companies from shipping to Huahong Semiconductor, China's second-largest chip manufacturer.
Chinese Foreign Minister Wang Yi and US Secretary of State Marco Rubio also spoke on April 30, with Wang Yi claiming that the "Taiwan issue" is the biggest risk point in US-China relations.
As the Trump-Xi meeting approaches, US congressmen and industry groups warned the Trump administration not to allow Chinese investment into the US automotive industry, believing it would hollow out key domestic industries and potentially pose national security risks due to data collection.
Ten steel industry groups today sent letters to Bessent, Greer, Rubio, and Commerce Secretary Howard Lutnick, urging them to "ensure American competitiveness and not hand over the US automotive market to the Chinese Communist Party." (Edited by: Lu Ying-tzu) 1150501
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(Washington/Beijing, April 30, Comprehensive Foreign Report by Central News Agency) According to the US Treasury Department and Chinese state media reports, high-level US and Chinese economic and trade officials held "candid" discussions on April 30, paving the way for the scheduled May meeting between US President Donald Trump and Chinese President Xi Jinping. Both sides expressed dissatisfaction with each other's trade policies.
Reuters reported that US Treasury Secretary Scott Bessent posted on social media platform X, stating that he spoke with Chinese Vice Premier He Lifeng to discuss Trump's planned visit to Beijing from May 14 to 15.
Bessent stated: "Our talks were candid and comprehensive, and I emphasized that China's recent provocative extraterritorial regulations have a chilling effect on global supply chains."
This statement breaks the Trump administration's near silence on Beijing's new supply chain regulations, which have caused unease among US businesses. Analysts say these measures are a significant escalation that could severely undermine US efforts to reduce its dependence on Chinese supply chains.
Bessent did not provide a US response to the new regulations but expressed anticipation for a "fruitful meeting between President Trump and President Xi in Beijing."
China Central Television reported that He Lifeng, Bessent, and Greer had "candid, in-depth, and constructive exchanges" via video conference. The report stated that the Chinese side expressed serious concerns about recent US restrictions on China's economic and trade activities, but both sides agreed to continuously increase consensus, manage differences, and strengthen cooperation.
Washington recently restricted US chip equipment companies from shipping to Huahong Semiconductor, China's second-largest chip manufacturer.
Chinese Foreign Minister Wang Yi and US Secretary of State Marco Rubio also spoke on April 30, with Wang Yi claiming that the "Taiwan issue" is the biggest risk point in US-China relations.
As the Trump-Xi meeting approaches, US congressmen and industry groups warned the Trump administration not to allow Chinese investment into the US automotive industry, believing it would hollow out key domestic industries and potentially pose national security risks due to data collection.
Ten steel industry groups today sent letters to Bessent, Greer, Rubio, and Commerce Secretary Howard Lutnick, urging them to "ensure American competitiveness and not hand over the US automotive market to the Chinese Communist Party." (Edited by: Lu Ying-tzu) 1150501
Choose to stand with facts, every sponsorship you provide is a force for protecting press freedom.
Download the Central News Agency 'First-hand News' APP to stay updated with the latest news.
The text, images, and videos on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.