Space News from SpaceDaily.com
US, China economic leaders raise 'serious concerns' in first call
ADVERTISEMENT


Washington, Feb 21 (AFP) Feb 21, 2025
US Treasury Secretary Scott Bessent and his Chinese counterpart He Lifeng raised mutual concerns on trade and economic issues in their introductory call Friday, as tensions between the world's two biggest economies simmer under President Donald Trump's second term.

The talks came shortly after Trump imposed additional tariffs on imports from China over its alleged role in the deadly fentanyl trade, which Beijing has pushed back against.

"Secretary Bessent expressed serious concerns about the PRC's counternarcotics efforts, economic imbalances, and unfair policies," said a Treasury Department readout, referring to the People's Republic of China.

Meanwhile, Chinese Vice Premier He Lifeng "expressed serious concerns about the recent restrictive measures, such as increased tariffs, imposed on China by the United States," according to state broadcaster CCTV.

Trump has wielded the threat of tariffs against allies and adversaries alike -- including China -- since taking office last month.

He imposed additional customs duties of 10 percent on all products imported from China at the start of this month, and has threatened further moves while also suggesting a trade deal with Beijing is possible.

But Beijing has strongly opposed the imposition of tariffs "under the pretext of the fentanyl issue," according to its foreign ministry, arguing that such levies cannot solve what it called a US domestic problem.

But in their call on Friday, Bessent and He agreed to remain in communication going forward.

The parties also exchanged views on their economic ties, said the Treasury statement.

CCTV added: "Both sides recognized the importance of China-US economic and trade relations, and agreed to continue to maintain communication on issues of mutual concern," the broadcaster said.

The call took place at Bessent's request, according to CCTV.

Bessent's predecessor Janet Yellen has held several meetings and calls with He, and previously made visits to Beijing in an effort to stabilize bilateral economic ties.

Washington has long accused Beijing of failing to crack down on the production of chemical components that are typically exported to Mexico and made into fentanyl before being transported into the United States.

Asked on Thursday about Trump's comments on a prospective trade deal, China's foreign ministry said the two countries "should resolve their concerns through dialogue and consultation based on equality and mutual respect".


ADVERTISEMENT





Space News from SpaceDaily.com
Moon or Mars? NASA's future at a crossroads under Trump
SpaceX launches 23 Starlink satellites from Florida
Musk in X spat with Danish astronaut over 'abandoned' ISS crew

24/7 Energy News Coverage
Trump orders tighter restrictions on Chinese investments in key sectors
Eyeing China and US, EU hopes clean tech boost will spark growth
ChatGPT's OpenAI reports surge to 400 mn weekly users

Military Space News, Nuclear Weapons, Missile Defense
Trump announces replacement of top US military officer with 3 Star General
Trump fires top-ranked US military officer as shake-ups spread
U.S. officials reportedly push back on G7 language labeling Russia an 'aggressor'

24/7 News Coverage
US National Park workers reckon with fear, anger after layoffs
Glacial Fracking Identified as Undetected Arctic Methane Source
Morocco overturns deportation Uyghur man wanted in China



All rights reserved. Copyright Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.