Trade negotiations between China and the US are back in the spotlight!

According to Xinhua, China's Vice Premier for Economic Relations, He Lifeng, held a video conference with US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer. The parties agreed to hold a new round of economic and trade consultations as soon as possible.

The discussions focused on the US's tariff increase policy and China's responses. The tariff standoff has become a significant issue shaping trade between the two countries.

Since President Donald Trump took office, customs tariffs have risen, leading to tensions between the two countries. However, the resumption of negotiations is seen as a positive development.

The next meeting is scheduled to take place in Malaysia next week. This meeting is critical for the future of trade relations between the two countries.