China and U.S. Commerce Chiefs Set to Discuss EVs, Trade Relations
In a move signaling a continued commitment to strengthening economic ties, China's Commerce Minister Wang Wentao is scheduled for a significant phone conversation with his U.S. counterpart, Commerce Secretary Gina Raimondo, in the coming days. This anticipated dialogue aims to unpack the intricacies of bilateral economic and trade relations, with a spotlight on the U.S. restrictions placed on electric vehicles (EVs).
Electric vehicles represent a burgeoning sector within the global market, pivotal to sustainable development goals and technological innovation. The U.S. has recently implemented measures that impact the import and manufacturing of EVs, prompting a need for open discussions to navigate these regulatory landscapes.
The upcoming talk is part of the ongoing institutional dialogue between the commerce ministries of the Chinese mainland and the United States. Reflecting on their last exchange in January, where Wang and Raimondo engaged in comprehensive discussions addressing mutual economic and trade concerns, the forthcoming conversation seeks to build upon that foundation. Key topics are expected to include not only EV trade policies but also broader national security considerations that influence the economic sectors of both nations.
As both countries navigate the complexities of the global economy, these high-level discussions underscore the importance of collaboration and communication in addressing shared challenges and fostering a balanced trade environment.
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China, U.S. commerce chiefs to speak on EVs, trade over phone: source
cgtn.com
