China’s Vice Premier He Lifeng expressed concerns over U.S. tariffs during a call with trade chief Jamieson Greer. They discussed key economic issues and agreed to maintain dialogue. This meeting coincides with President Trump’s plans for additional tariffs, following previous U.S. duties on Chinese imports and China’s retaliatory measures on U.S. goods.

During a recent video call, China’s Vice Premier He Lifeng articulated his “solemn concerns” regarding U.S. tariffs and predicted retaliatory measures. This exchange with U.S. trade chief Jamieson Greer was characterized as a “candid and in-depth” discussion, wherein both parties agreed to continue their dialogue.

This conversation occurs as U.S. President Donald Trump is poised to introduce reciprocal tariffs, potentially increasing duties on Chinese imports. Since his inauguration, Trump imposed a 20% tariff on all Chinese goods, citing Beijing’s inadequacies in curbing the export of substances that can be used to create fentanyl.

In response, China enacted targeted tariffs of up to 15% on various U.S. products, including oil, liquefied natural gas, and agricultural items. These escalating measures further exacerbate the strained relations between the United States and China, which have already deteriorated significantly in recent years due to various disputes, including trade practices, technology restrictions, and Taiwan-related tensions.

In conclusion, the conversation between Vice Premier He Lifeng and U.S. trade chief Jamieson Greer highlights the escalating trade tensions between China and the United States. As both nations adopt retaliatory tariffs and engage in candid discussions, the prospect of further strain on their diplomatic relations looms. Continuous communication might be essential in navigating these complex trade issues.

Original Source: www.tradingview.com

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