As China-US trade talks back to ‘normal,’ analysts call for tariff removal
2021-06-04 09:40:16 source:Global Times
June 3, 2021
China's Ministry of Commerce (MOFCOM) said on Thursday that China and the US have started "normal communication" in the economic and trade fields, and will work together to solve "specific problems" in a practical manner for producers and consumers.
While there are major differences between the two countries over a wide range of issues, the most pressing issue for both sides to address is punitive tariffs, Chinese trade analysts noted, calling for efforts to gradually lower or remove tariffs imposed over the past three years.
Following two dialogues between senior Chinese and US trade and economic officials in less than a week, the announcement from the MOFCOM marks a major shift in engagement between officials of the world's two biggest economies, which has been notably stalled for months since US President Joe Biden took office in January.
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