US and China Economic Teams Reach Consensus on Trade Issues in New York
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How it started
What happened
The eighth round of economic and trade consultations between the United States and China was held in New York. The talks included Vice Premier He Lifeng, U.S. Treasury Secretary Scott Bessent, and American Trade Representative Jamieson Greer. The two sides reached consensus on multiple issues, including reciprocal tariff reductions, establishing trade and investment councils, and extending joint arrangements made previously in Kuala Lumpur.
From indiatimes.com
Why it matters
The successful talks underscore a push for deeper economic integration and dialogue between the two countries. China stated that it will continue close communication with the U.S. side regarding follow-up work under the China-U.S. economic and trade consultation mechanism.
From indiatimes.com
Who's involved
- He LifengVice Premier of the People's Republic of China
- Scott BessentU.S. Secretary of the Treasury
- Jamieson GreerU.S. Trade Representative
- ChinaNation involved in high-level trade talks
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- ChinaSpeculative
The country could see its trade landscape influenced by potential reciprocal tariff reductions and new trade councils.
How it developed
Newest first. Tap a step to see who reported it.- While on a visit to Hong Kong, Jamie Dimon discussed US economic health and the US-China relationship during trade talks hosted at the NY HQ.Sub-event
Trade teams involving Greer, Bessent, and Lifeng hold consultation rounds on economic issues.1 source
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The entities involved
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Jamieson Greer
United States Trade Representative since 2025
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Scott Bessent
United States Secretary of the Treasury
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He Lifeng
Vice Premier of the People's Republic of China
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