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coronavirus
Coronavirus
VERY HIGH
Source: covid.gov.pk
Pakistan Deaths
29,042
524hr
Pakistan Cases
1,345,801
6,80824hr
Sindh
513,046
Punjab
456,992
Balochistan
33,780
Islamabad
113,688
KPK
182,950

BEIJING: China's Vice Premier Liu He held a call with US Treasury Secretary Janet Yellen Tuesday to discuss trade issues, with both sides highlighting points of concern in their relationship as they try to tread a new path after the upheaval of the Donald Trump era.

In a video call, the two held "pragmatic, candid and constructive exchanges on the macroeconomic situation and cooperation in multilateral and bilateral fields", said China's commerce ministry in a statement. Liu expressed concern about US tariffs and sanctions, and its treatment of Chinese companies, the statement said.

Relations between Beijing and Washington nosedived under former president Donald Trump, who imposed tariffs on Chinese products worth billions of dollars in 2018, citing trade practices he deemed as "unfair." After Joe Biden took power in January, he launched a review of the US trade strategy and tariffs initiated by Trump.

But his administration also says that China's massive state subsidies for national companies, intellectual property theft and other factors create a heavily uneven playing field in trade.

According to a readout of the call from the US Treasury, Yellen "frankly raised issues of concern" in the meeting and the two sides recognised that "developments in our two economies have important implications for the global economy".

Earlier this month, US Trade Representative Katherine Tai spoke to Liu for a second time to discuss Chinese commercial practices. Last week China promised the World Trade Organization it would further open its vast market, with a swift counter from Washington that it believed Beijing showed "no inclination to change".

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