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U.S.-China talks heat up a bit — It’s been strange to go from constant, full-on trade wars with China under former President Donald Trump to the Sino-America relationship being almost an afterthought in the early months of the Biden White House. Which doesn’t mean the fight is at all over.
Many of the tariffs remain and the current White House has taken a tough line on human rights and other issues (witness the dust-up in Alaska back in March). But it’s been relatively quiet until the last week as Chinese Vice Premier Liu He, the point man in trade war talks with the Trump White House, has held talks with a couple of top U.S. officials, including Treasury Secretary Janet Yellen on Tuesday.
Treasury put out a pretty bland read-out of the Yellen/Liu call: “Yellen discussed the Biden-Harris Administration’s plans to support a continued strong economic recovery and the importance of cooperating on areas that are in U.S. interests, while at the same time frankly tackling issues of concern. Secretary Yellen noted that she looks forward to future discussions with Vice Premier Liu”.
The U.S.-China stuff won’t really come to a head until late…
