Imagine this: two powerhouses of the global market – the Chinese mainland and the U.S. – meet in Kuala Lumpur, tuck into warm Malaysian vibes, and walk away with a basic trade consensus. 🙌🔥
After two days of candid, in-depth talks, top officials led by the Chinese mainland Vice Premier He Lifeng and U.S. Treasury Secretary Scott Bessent, along with U.S. Trade Representative Jamieson Greer, agreed to tackle key trade concerns together. Here's what's on the table:
- Addressing U.S. Section 301 measures on the Chinese mainland’s maritime, logistics and shipbuilding sectors
- Extending the suspension of reciprocal tariffs
- Cooperating on fentanyl-related tariffs and law enforcement
- Boosting trade in agricultural products
- Discussing export controls
They've agreed to iron out details through their domestic approval processes, keeping mutual respect, peaceful coexistence and win-win cooperation front and center. The goal? A stable, healthy, and sustainable trade relationship that benefits people on both sides and adds to global prosperity. 🌍💪
'We gain from cooperation, we lose from confrontation,' Vice Premier He Lifeng reminded everyone. And the U.S. echo was loud and clear: let's work in the spirit of equality and respect to deepen cooperation and shared growth.
This fresh momentum shows that even big players can find common ground with honest dialogue and a dash of goodwill. Next up: more consultations, closer communication, and a push to take Chinese mainland-U.S. trade ties to the next level. 🚀
Reference(s):
China and U.S. reach basic consensuses to address trade concerns
cgtn.com
