US and Chinese officials express concerns regarding trade restrictions imposed on each other

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  • The Commerce Secretary of the United States, Gina Raimondo, and her Chinese counterpart, Wang Wentao, expressed concerns about policies of each other’s governments, with no progress made in disputes over technology and security.
  • Companies from both sides have been affected by tighter official controls on trade in semiconductors and other activities on security grounds.
  • Political relations between the two governments are at their lowest level in decades following disputes over technology, security, China’s territorial claims, and Beijing’s treatment of Hong Kong and ethnic minorities.

Washington D.C./Beijing – Officials from the United States and China have recently expressed concerns over trade restrictions aimed at each other, indicating further tensions between the two largest economies in the world.

The U.S. Trade Representative (USTR) Katherine Tai and Chinese Vice Premier Han Zheng spoke over the phone on Monday, raising their worries about trade policies that could add harm to their respective nations.

Tai called the conversation with Han useful and expressed her concerns about China’s pressure on American businesses, including forced technology transfers and online market restrictions.

In response, Han stated that the U.S. should treat Chinese companies fairly and without discrimination, citing Huawei as a company that has been targeted by Washington’s trade restrictions.

Tai also emphasized the significance of fully implementing the Phase One trade agreement reached in January 2020, which requires China to purchase additional U.S. goods and services.

Meanwhile, China’s Ministry of Commerce expressed on Tuesday that the current global economic environment calls for a joint effort by the international community to support global trade and investment, instead of imposing restrictions.

The ministry also noted that China has been actively opening up its economy and continues to encourage foreign investment.

The talks between Tai and Han came amid rising geopolitical tensions between the U.S. and China, particularly on issues such as human rights in Hong Kong and Xinjiang and Taiwan’s sovereignty.

While both nations have claimed to make progress in their talks, the recent comments suggest the challenges they face in improving trade relations and maintaining a stable global economy.

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