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Economics

China and US Discuss Trump-Era Tariffs Biden’s Looking to Ease

  • Discussion is first for Liu He and Janet Yellen since October
  • US administration mulling whether to unilaterally cut tariffs
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WATCH: Yellen and Chinese Vice Premier Liu discussed US economic sanctions and tariffs. Bruce Einhorn reports.Source: Bloomberg
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Senior US and Chinese officials discussed US economic sanctions and tariffs Tuesday amid reports the Biden administration is close to rolling back some of the trade levies imposed by former President Donald Trump.

The lifting of tariffs and sanctions and the fair treatment of Chinese enterprises are areas of concern to China, Vice Premier Liu He told US Treasury Secretary Janet Yellen in a video call Tuesday morning Beijing time, according to a statement from China’s Ministry of Commerce. The two officials last spoke in October.