Chinese and U.S. trade ministers meet amidst tensions

Chinese and U.S. trade ministers meet amidst tensions
Fecha de publicación: 
12 January 2024
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The Ministers of Commerce of China, Wang Wentao, and the United States, Gina Raimondo, spoke via telephone on issues of respective interest, in the midst of renewed bilateral disagreements.
 
This was confirmed by Xinhua news agency and added in its report that both sides focused on the implementation of the consensus reached between the two heads of State at the San Francisco meeting last November.

This week China accused the United States of unjustifiably cracking down on domestic semiconductor companies and called these acts a sign of economic intimidation.

According to Foreign Ministry spokeswoman Mao Ning, the export control measures in this sector imposed by Washington constitute discriminatory practices and violate the General Agreement on Tariffs and Trade (GATT).

She strongly rejected the restrictions on Chinese telecommunications equipment companies for alleged threats to online information security.

Washington included these companies in a black list that prohibits the entry of this type of equipment in the U.S. market.

The spokeswoman also denounced the pressure on other nations to repress Chinese companies linked to the sector, “which has nothing to do with security and is a typical act of economic coercion”.

Bilateral tension over trade disagreements was one of the main topics of conversation between Chinese President Xi Jinping and U.S. President Joe Biden last November.

Both agreed to maintain communication on this and other issues of the dispute between the two nations, such as the Taiwan issue.

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