October 4, 2021

The US will hold "frank conversations" with China on trade in the near future, US Trade Representative Katherine Tai said in a speech on Monday, which is a positive signal indicating the two nations’ upcoming trade talks could be more constructive, as economic frictions between the world’s two largest economies have undercut both in the past three years, experts said.

Katherine Tai delivered a speech to the US think tank, the Center for Strategic and International Studies (CSIS) in Washington, that she intended to have “frank conversations” with her Chinese counterparts, including talks over phase one trade agreement, noting that the upcoming talks are not intended to “inflame trade tensions with China.” 

Tai also talked about "a targeted tariff exclusion process" for exemptions from customs tariffs imposed on $370 billion worth of Chinese goods a year by the previous Trump administration.

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