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China and US Prepare for Fresh Trade Talks as He Lifeng Travels to France

by admin477351

Chinese Vice-Premier He Lifeng will head to France this weekend to participate in a new round of economic consultations with the United States. The meetings, scheduled over four days, represent the sixth attempt to address key trade disagreements. Both sides are expected to discuss tariffs, market access, and broader economic cooperation. The discussions come amid ongoing tensions over trade policy.

Beijing has urged Washington to reconsider recent investigations targeting foreign industries. Officials say such measures increase pressure through tariffs and complicate global trade relations. China maintains that disputes should be resolved through negotiations rather than unilateral steps. The upcoming talks may provide an opportunity to rebuild trust.

According to Chinese officials, the US has initiated Section 301 investigations into 16 economies, including China. These probes focus on allegations of industrial overcapacity in certain sectors. Beijing argues the approach disrupts the global economic system and undermines established trade norms. Authorities also cited previous rulings from the World Trade Organization criticizing tariffs linked to Section 301.

China emphasized that modern economic activity relies on international supply chains. Production often occurs in multiple countries before products reach consumers. Officials say labeling export-driven industries as overcapacity ignores the nature of global trade. They warned that limiting production to domestic demand would weaken international commerce.

China also noted that the United States has launched additional investigations into products allegedly tied to forced labor. These probes cover around 60 economies worldwide. Beijing said it is evaluating the situation and monitoring developments closely. Officials indicated that China could respond with countermeasures if necessary.

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