August 17, 2022

Dubai Week

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Expected call between Biden and Xi in the coming weeks

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US National Security Adviser Jake Sullivan told reporters on the sidelines of the Seven Group Summit in Germany on Monday that President Joe Biden and his Chinese counterpart Xi Jinping “will have the opportunity to exchange views in the coming weeks.”

Sullivan did not specify the format or date of this upcoming contact, but stressed that there is “always greater coordination in the challenges” associated with Chinese ambitions at the G7 and NATO level.

He explained that at a time when relations between the two powers are very tense over the war or economic problems in Ukraine or Taiwan, “competition does not mean conflict.”

In this last phase, a significant outstanding amount is approaching July 6, several days after the expiration of a portion of the $ 34 billion annual additional Chinese import bill decided by former President Donald Trump at the height of the US-China trade war. .

The Republican leader levied additional taxes equivalent to $ 350 billion a year on imported goods.

Another $ 16 billion division expires on August 23. Taxes on the other two lists of Chinese goods worth $ 200 billion and $ 126 billion expire on September 24, 2022 and September 1, 2023, respectively.

Biden reiterated in recent weeks that he had not yet decided whether or not to maintain punitive fees.

His administration is divided over the issue. On the one hand, Ashwath calls for raising these tariffs in the name of combating rapid inflation, and on the other hand, it would be wrong for Washington to lose all trade influence in the face of China. Is increasingly ambitious at the industrial and technical level.

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