US, China chief trade negotiators hold 'candid exchange'

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US, China chief trade negotiators hold 'candid exchange'
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US Trade Representative Katherine Tai spoke with Chinese Vice Premier Liu He on Friday evening to discuss Chinese commercial practices that Washington deems unfair.

This was the second consultation between the chief trade negotiators from the world's two biggest economies after relations were damaged under former US president Donald Trump. The two last spoke in May.

"Both sides expressed their core concerns and agreed to resolve each other's legitimate concerns through consultation," it said. The Biden administration says China's massive state subsidies for national companies, intellectual property theft and other factors create a heavily uneven playing field in trade.

Biden, who took office in January, asked Tai to conduct a comprehensive review of US trade strategy towards China and the tariffs initiated by Trump.More than a goodwill gesture to Beijing, she explained that it was a matter of granting "case-by-case" exemptions for US companies that do not have an alternative source of supply to China.The USTR said it would take public comments regarding exclusions from its tariffs on China.

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