A Fresh Chapter in US-China Trade Relations
Chinese Vice Premier He Lifeng, the lead official for economic and trade affairs with the U.S., kicked off the first China-U.S. economic and trade consultation meeting in London this week. Joined by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer, both sides dove into candid, in-depth talks on shared issues, from tariffs to market access.
Key Outcomes
- Reaffirmation of the June 5 presidential call consensus
- Framework to consolidate Geneva’s economic and trade measures
- Commitment to strengthen communication and reduce misunderstandings
“There are no winners in trade wars,” He Lifeng said. “Cooperation benefits both sides while confrontation harms both.”
He urged equal dialogue and mutually beneficial cooperation, calling on the United States to honor its commitments with concrete actions. Both sides agreed to leverage the new mechanism to stabilize bilateral ties and inject certainty into the global economy.
Why This Matters for Global Citizens
As tech startups, investors and travelers watch market shifts, stable US-China relations can unlock smoother supply chains, more predictable trade flows and fresh innovation opportunities. For students, entrepreneurs and thought leaders, this dialogue signals a willingness to tackle complex challenges together—from climate-linked trade policies to digital economy regulations.
Looking ahead, this mechanism could serve as a template for other major power partnerships—showing that open dialogue and data-driven decisions can help navigate economic friction in a fast-changing world.
Reference(s):
He Lifeng urges dialogue, cooperation on China-U.S. trade disputes
cgtn.com
