
As China and the United States concluded their first high-level trade talks since last month’s unprecedented escalation of tariff rates, comments from the US delegation shed light on the negotiating style of their counterparts – providing rare details from a closed-door dialogue between the world’s two largest economies.
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“There is a sense of moving forward. There is a sense of mutual respect. There is a sense that we had shared interests.”
The talks were marked by a rare sense of “equanimity” and mutual respect, Bessent said, and their tenor stood in sharp contrast to the negotiations led by former vice-premier Liu He during the first term of current US President Donald Trump.
Those earlier sessions were often fraught with tension and volatility – with numerous reports of abrupt breakdowns, public brinkmanship and mutual distrust on most points of contention.
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During last weekend’s meeting, Chinese Vice-Minister of Commerce Li Chenggang also made his debut as a trade representative – a trial by fire the official appears to have surmounted.