Chinese Vice Premier Liu He and US Treasury Secretary Janet Yellen held a meeting on Oct. 26 via video call and talked about the macroeconomic situation.

According to the statement made by the Chinese Ministry of Commerce, Chinese Vice Premier Liu He and US Treasury Secretary Janet Yellen held a “pragmatic, sincere and constructive” meeting and exchanged views on the macroeconomic situation and cooperation.

In the statement made after the phone call, it was noted that both sides agreed that it is essential for China and the USA to strengthen communication and macroeconomic policies, with the economic recovery at a critical point in the world. According to the statement, China expressed its views on the US-imposed customs tariff sanctions and its attitude towards Chinese companies, and the parties agreed to continue communication.

United States Should Remove Tariffs

China has repeatedly said that the United States should remove tariffs on Chinese exports. He also noted that the sanctions imposed by the US on companies such as Huawei Technologies are very critical. The phone call, which took place in the morning Beijing time on Tuesday, was the second meeting between the two sides since Yellen took office.

During the meeting via videoconference in June, the parties discussed “how to support the ongoing strong recovery and the importance of cooperation in areas that are in line with US interests, while also frankly addressing points of concern,” according to a statement from the US Treasury Department.