September 30, 2022

Chinese Vice Premier Liu He represented his country in signing a trade agreement with the United States in January 2020

Saul Loeb | AFP | Getty Images

BEIJING – Chinese Vice Premier Liu He and US Treasury Secretary Janet Yellen held a virtual call on Tuesday on macroeconomic issues, according to official statements from both sides.

Chinese readings indicated the importance of coordinating the two countries’ macro policies and maintaining the stability of global supply chains. The statement also touched on US tariffs and sanctions on China, but not geopolitics.

The US statement referred to a general discussion of economic and financial developments in both countries and abroad. But the statement did not mention tariffs or sanctions, while noting the global economic impact of Russia’s war against Ukraine.

US President Joe Biden said the White House may drop tariffs on Chinese goods during the administration of former President Donald Trump.

Readings from the two countries described the conversation as “candid” and said the two sides agreed to maintain communication.

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