"May Attempt Agreements in Non-Sensitive Areas First"
There is speculation that additional trade negotiations between the United States and China may take place before U.S. President Donald Trump’s visit to China in April.
According to Bloomberg News on January 20 (local time), Jameson Greer, United States Trade Representative (USTR), stated at the World Economic Forum (WEF) held in Davos, Switzerland, that "U.S. and Chinese officials are communicating on a working level relatively regularly," and added, "There is a possibility that a meeting may be held to review key issues before the U.S.-China summit."
Greer noted, "The two countries may attempt to reach additional agreements, focusing on non-sensitive areas." This means that the United States and China could discuss a variety of issues, not only those directly related to security such as advanced technology controls or rare earth supplies.
However, Greer made it clear that the trade war truce between the United States and China does not mean a relaxation of pressure on China. He emphasized, "Trade policy toward China has not been suspended. Normal export control measures will continue."
Meanwhile, U.S. Treasury Secretary Scott Bessent met with Chinese Vice Premier He Lifeng in Davos the previous day. Secretary Bessent and Vice Premier He were key figures who led negotiations during last year's trade conflict between the two countries. After the informal meeting, Secretary Bessent commented on the supply of rare earths, a core issue in U.S.-China trade negotiations, saying, "The current implementation rate is in the 90% range, which is quite satisfactory," and added, "China is keeping its promises." He also noted that the agreement for China to purchase U.S. soybeans is being fulfilled, and projected that China will purchase 25 million tons of soybeans over the next year.
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