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WASHINGTON (Reuters) – China said on Saturday it asked the United States to cancel tariffs during talks between trade officials from the two countries that Washington saw as a test of bilateral engagement between the top two economies global.
Discussions were held virtually between US Trade Representative Katherine Tai and Chinese Vice Premier Liu He.
“China has negotiated the cancellation of tariffs and sanctions, and clarified its position on its model of economic development and industrial policies,” the state-run Chinese news agency Xinhua reported.
Katherine Tai intended to use this call to verify whether the bilateral engagement can address U.S. grievances over Beijing’s trade and subsidy practices, an official from the Office of the U.S. Trade Representative said. (USTR).
“Ambassador Tai and Vice Premier Liu He reviewed the implementation of the economic and trade agreement between the United States and China and agreed that the two sides would hold consultations on some outstanding issues.” the USTR said in a statement.
“The two sides agree to continue to communicate with an equal approach and mutual respect, and to create the conditions for the healthy development of economic and trade relations between the two countries and the recovery of the world economy,” said Xinhua.
(Report David Lawder and Michael Martina in Washington, Engen Tham in Shanghai; French version Camille Raynaud)
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