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US reaching out to China for tariff talks: Beijing state media

United States officials have reached out to their Chinese counterparts for talks on vast tariffs that have hammered markets and global supply chains, a Beijing-backed outlet said on Thursday citing sources.And on Thursday Yuyuan Tantian, a Chinese outlet linked to state broadcaster CCTV, said citing sources that Washington was "proactively" reaching out to China via "multiple channels" for talks on the tariffs.
The U.S. and China are engaging in discussions to potentially reduce tariffs, with U.S. Treasury Secretary Janet Yellen expressing optimism about the talks during her visit to Beijing. These negotiations aim to address the tariffs imposed during the Trump administration, which have strained the economic relationship between the two countries. Yellen's visit, part of a broader effort to stabilize U.S.-China relations, follows recent diplomatic engagements, including a meeting between U.S. President Joe Biden and Chinese President Xi Jinping. The talks are seen as a step towards easing tensions and fostering a more cooperative economic environment, although significant challenges remain in reaching a comprehensive agreement.

Read the Full AFP Article at:
[ https://www.yahoo.com/news/us-reaching-china-tariff-talks-045408365.html ]