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US-China Trade Tensions Escalate: Beijing Fights Back Against ‘Unfair’ Sanctions

US-China Trade Tensions Escalate: Beijing Fights Back Against ‘Unfair’ Sanctions

September 8, 2024 Catherine Williams - Chief Editor News

China-US Trade ⁣Talks: Concerns Over ⁢US Sanctions

China ⁤has expressed ‌concerns about US‌ trade⁣ sanctions, including Section 301 of the US Trade Act, during the second ‌vice-ministerial meeting of the China-US trade working group.

According to Xinhua News Agency and China’s Ministry of⁣ Commerce, the meeting was held ​in Tianjin, China, and was co-chaired by ‌Wang Shouwen, ‌Deputy Minister of Commerce and Representative for International Trade of the Chinese Ministry of Commerce, and ⁤Marisa Lago, Under ‍Secretary of Commerce for International⁤ Trade of the United States.

China raised concerns about ‍US Section 301⁢ investigations into shipbuilding and⁤ other sectors, sanctions against Chinese companies, restrictions on​ investment from both countries,‍ and unfair treatment of Chinese‌ companies in the US.

China emphasized that the⁤ US national security concept has been overly expanded and that clarifying the boundaries⁣ of national security in economic and ​trade ​issues would ⁢help business cooperation. It also opposed the US claim of⁤ “overproduction”⁤ in order to impose ‌trade and investment restrictions.

The two countries agreed to provide each other ⁣with necessary support for trade and investment promotion​ activities ⁣and ⁤maintain communication ‍in areas such as‍ border⁣ data flow, inspection and quarantine, health and women’s ⁤health, medical devices, ⁢and clean energy.

They also plan to strengthen cooperation⁤ within frameworks such‍ as the G20 and ⁤the Asia-Pacific ⁤Economic Cooperation (APEC), and ‍expressed their intention to‌ maintain dialogue ‌with companies and listen to ⁣their⁣ requests.

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