News Snapshot:
US Trade Representative (USTR) Katherine Tai held a virtual meeting with Chinese Vice Premier Liu He to test whether direct engagement with China would help address Washington concerns on China’s trade practices. The call on Friday is the second conversation between Liu and Tai, and came after Tai’s speech that the Joe Biden administration would restart a process to exempt certain goods from Trump-era tariffs. “During their candid exchange, Ambassador Tai and Vice Premier Liu acknowledged the importance of the bilateral trade relationship and the impact that it has, not only on the United States and China, but also the...
