Greer, Bessent tout creation of trade consultation mechanism with China

Greer, Bessent tout creation of trade consultation mechanism with China

A new mechanism the U.S. and China have devised to discuss trade and economic issues is a much-needed step toward a meaningful agreement, Treasury Secretary Scott Bessent said on Monday, joining U.S. Trade Representative Jamieson Greer in touting renewed communications with their Chinese counterparts they said were greatly diminished under the previous administration. After weekend talks, the U.S. and China on Monday issued a joint statement say…

Beijing Trade Statement: U.S and China Agree to "Establish a Consultation Mechanism and Conduct Further Consultations" - The Last Refuge

As expected by anyone with common sense, the statement by Chinese Vice-Premier He Lifeng is considerably different from the U.S. media interpretation of the White House statement. According to He Lifeng: […] “The atmosphere of the meeting was candid, in-depth and constructive. The meeting reached substantial progress and achieved important consensus. The two sides agreed […]