The United States and China have reaffirmed their commitment to maintaining communication following a diplomatic call between Chinese Vice Foreign Minister Ma Zhaoxu and U.S. Deputy Secretary Kurt Campbell on Thursday. According to a statement released by the Chinese Foreign Ministry on Friday, both sides exchanged views on key issues, though specific details were not disclosed.
This development comes amid ongoing trade tensions between the two economic superpowers. Despite a recent tariff de-escalation following a high-level meeting in Switzerland earlier this month, friction remains. Chinese officials have strongly opposed a U.S. directive warning companies against using Chinese-made artificial intelligence chips, particularly those supplied by Huawei Technologies.
Trade Talks and Tariff Adjustments
The Geneva trade discussions earlier this month marked a significant step toward easing economic tensions. Both nations reached an agreement to roll back reciprocal tariffs, with a 90-day suspension on certain duties, allowing businesses to adjust and stabilize supply chains. The move has already led to a surge in import orders and increased shipping activity between the two countries.
China’s Response to U.S. Tech Restrictions
China’s Ministry of Commerce has condemned the U.S. restrictions on AI chips, labeling them as “unilateral bullying” and accusing Washington of undermining trade negotiations. The dispute over technology access remains a critical point of contention, as the U.S. continues to impose measures aimed at limiting China’s influence in the semiconductor industry.
Future of U.S.-China Economic Relations
While both sides have agreed to establish a new consultation mechanism for trade and economic discussions, the long-term stability of their relationship remains uncertain. The global market is closely watching how these negotiations unfold, as any disruption could have far-reaching consequences for international trade and investment.
Ma Zhaoxu, China Vice Foreign Minister and United States Deputy Secretary of State Kurt Campbell Picture by U.S. Department of State
