China's Liu Discusses Tariffs With Yellen as US Looks to Ease

  • In Business
  • 2022-07-05 02:31:01Z
  • By Bloomberg

(Bloomberg) -- China's Vice Premier Liu He discussed US economic sanctions and tariffs in a call with Treasury Secretary Janet Yellen amid reports the Biden administration is close to rolling back some trade levies.

Most Read from Bloomberg

  • Bezos Slams Biden Over Call for Lowering of Gas Prices

  • Person of Interest in July 4 Parade Shooting That Killed Six in Police Custody

  • US Futures, European Bonds Drop on Economic Woes: Markets Wrap

  • Long, Moderate and Painful: What Next US Recession May Look Like

  • US Court Ruling May Take 70,000 Truckers Off Road, Spur Jams

The lifting of tariffs and sanctions and the fair treatment of Chinese enterprises are areas of great interest to China, Liu said in the video call with Yellen on Tuesday, according to a statement from China's Ministry of Commerce.

The two sides discussed economic policy and stabilizing global supply chains, agreeing that it's significant for the US and China to strengthen communication and coordination in those areas for the benefit of both countries and the rest of the world, according to the statement. The talks were pragmatic and constructive, it said.

Read More: Biden Close to Rollback of China Tariffs to Fight Inflation

The comments came alongside reports that President Joe Biden may announce as soon as this week a rollback of some of US tariffs on $300 billion in Chinese goods. Expectations on the Biden administration to ease some of the taxes to help lower the costs of everyday merchandise have increased as inflation in US soared this year.

Tensions between the world's two biggest economies have continued since former President Donald Trump hit China with the tariffs starting in July 2018 after an investigation concluded China stole intellectual property from American companies and forced them to transfer technology.

While China's economy has been hemmed in by Covid-related shutdowns, Chinese exports to the US in the first five months of 2022 in dollar terms grew 15.1% on the year while imports rose 4%, according to official data.

(Updates with background.)

Most Read from Bloomberg Businessweek

  • The Lottery Lawyer Won Their Trust, Then Lost Their Mega Millions

  • Did Razzlekhan and Dutch Pull Off History's Biggest Crypto Heist?

  • Gangs Are Fake-Killing People in India for Insurance Payouts

  • How Generations of Black Americans Lost Their Land to Tax Liens

  • Sports Reporter by Day, Political Revolutionary by Night

©2022 Bloomberg L.P.


More Related News

California Seeks More Time to Overhaul Rooftop-Solar Subsidy
California Seeks More Time to Overhaul Rooftop-Solar Subsidy

(Bloomberg) -- A California agency is seeking more time to determine how to reform a solar-incentive program that's helped rooftop solar flourish in the...

Top Miner BHP Hits Profit Record and Sees Stronger China Outlook
Top Miner BHP Hits Profit Record and Sees Stronger China Outlook

(Bloomberg) -- BHP Group, the world's biggest miner, posted its highest ever full-year profit on record commodity prices and will push ahead with growth...

US Congress Forces Joe Biden Toward Risky Faceoff With China Over Taiwan
US Congress Forces Joe Biden Toward Risky Faceoff With China Over Taiwan

(Bloomberg) -- US House Speaker Nancy Pelosi's Taiwan trip was only the most high-profile in a series of moves by Congress that are forcing President Joe...

Stocks in Asia Set for Cautious Open, Crude Slides: Markets Wrap
Stocks in Asia Set for Cautious Open, Crude Slides: Markets Wrap

(Bloomberg) -- Stocks in Asia look set for a cautious open on Tuesday as mounting signs of a sharp economic slowdown filter across global markets, supporting...

EXPLAINER: Why US lawmakers
EXPLAINER: Why US lawmakers' Taiwan trips keep riling China
  • World
  • 2022-08-15 21:22:41Z

Taiwan is high on the summer travel list for U.S. members of Congress on their August recess this year, as U.S. lawmakers make a point of asserting American ...

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply


  • JulianMaync
    (2022-07-05 03:15:18Z)

    tor markets 2022 deep web drug url

  • Bobbygef
    (2022-07-05 04:53:11Z)

    viagra pharmacy 100mg canadian online pharmacies
    canadian pharmacy generic viagra canadian online pharmacies legitimate
    online pharmacies canada

  • Shaneres
    (2022-07-05 05:16:26Z)

    dark web market links darkmarket url

  • Bobbygef
    (2022-07-05 06:07:48Z)

    canadian cialis [url=]canadian pharmacy online viagra [/url]
    canadian pharmacy king online pharmacies
    viagra generic canadian pharmacy

  • CharlesLeall
    (2022-07-05 06:29:03Z)

    dark web market list darknet drug links

  • Bobbygef
    (2022-07-05 06:37:25Z)

    approved canadian online pharmacies generic viagra online pharmacy
    canadian prescriptions online online pharmacies in usa
    canada drugs pharmacy online

  • Haroldprere
    (2022-07-05 08:43:08Z)

    [url=]Накрутка зрителей трово[/url]

  • Bobbygef
    (2022-07-05 08:58:28Z)

    canadian drugs online pharmacies online order medicine
    canadian drugs pharmacy medicine online shopping
    navarro pharmacy miami

  • Bobbygef
    (2022-07-05 10:14:26Z)

    london drugs canada [url=]online medicine tablets shopping [/url]
    canadian drugs online pharmacies buy generic viagra online
    canadian pharmacies-247

  • Bobbygef
    (2022-07-05 10:41:33Z)

    pharmacy on line shoppers drug mart pharmacy
    discount pharmacy order medicine online
    prescription drugs from canada

  • RandyJer
    (2022-07-05 11:16:00Z)

    darknet site deep dark web

  • Robertnug
    (2022-07-05 11:45:57Z)

    how to use darknet markets hydra url [url= ]asap darknet market [/url]


Top News: Business