US, China hold rare discussion on ‘severe’ economic challenges, supply chains

BEIJING, 07 July 2022, (TON): Top officials from the United States and China held a candid video call to discuss global economic challenges, especially regarding supply chains.

The exchange between Chinese Vice Premier Liu He and US Treasury Secretary Janet Yellen came as President Joe Biden considers lifting some tariffs on imports from China to try and ease soaring inflation.

The world’s two biggest economies are also grappling with Covid-snarled supply chains and rising global energy prices.

China’s official Xinhua news agency reported “the two sides agree that as the world economy is facing severe challenges, it is of great significance to strengthen macro-policy communication and coordination between China and the United States.”

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