Both Beijing Commercial Envoy and US Treasury Secretary, today, Friday, expressed “serious concerns” on both sides about trade and economics issues in their first call after President Donald Trump’s decision to impose more customs duties on imports coming from China.
Trump justified the imposition of these additional drawings of accusing China of having a role in trafficking in a fatal pentianne, which Beijing rejected.
In a statement, the US Treasury said that Minister Scott Besent expressed serious fears about the efforts of the People’s Republic of China to combat drugs, the imbalance of economic balance, and non -fair policies.
For his part, Chinese Vice President of the State Council expressed serious concerns about recent restrictions, such as increasing customs duties imposed by the United States on China, according to the official Chinese television.
Trump threatened to impose customs duties both on his country’s allies and opponents, including China, at the time of the US President in the beginning of February, an additional 10% additional customs duties on Chinese products imported to the United States, and threatened more with his proposal at the same time that Reaching a commercial deal with Beijing is possible.
But Beijing strongly opposed the imposition of customs duties “under the pretext of the issue of fentianil,” according to the Ministry of Foreign Affairs, and said that the imposition of these drawings could not solve what it described as an American internal problem.
On the other hand, the two sides approved – during the call conducted at the request of Bessent, according to Chinese TV, “the importance of economic and commercial relations between China and the United States, and they agreed to stay in contact with issues of common concern.”
The US Treasury was satisfied with saying that the two parties exchanged views on their economic relations.
https://www.youtube.com/watch?v=vnqbt7fkxrg
Janet Yellen, the former treasury minister at Joe Biden Administration, held several meetings and conducted several calls with He is Levit and Zeen, in an attempt to dispel fears between the two sides, and bring stability to economic relations between them.
When the Chinese Ministry of Foreign Affairs was asked Thursday about Trump’s statement about the possibility of a commercial agreement, she said that the two countries “must resolve their differences through dialogue and consulting equally and on the basis of mutual respect.”
- According to the US government’s statistical office, the United States imported goods and goods of $ 438.9 billion in 2024, up from 426.9 billion in 2023.
- According to the American Statistical Office, the United States exported goods and goods to China, at a value of $ 143.5 billion in 2024, a decrease of about $ 4.5 billion for 2023, in which the value of US exports to China amounted to 148 billion dollars.
- According to the previous figures issued by the American government’s statistical center, the trade balance tends to be in favor of China in its economic relationship with the United States, as the trade deficit between the two countries (the difference between the value of imports and exports) is $ 295.4 billion in favor of China in 2024.
- The deficit with China has decreased sharply since Trump imposed the first major customs tariffs on the country in 2018.
