China calls virtual talks with Yellen 'constructive'

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China calls virtual talks with Yellen 'constructive'
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Chinese Vice Premier Liu He had a 'constructive' virtual dialogue with U.S. Treasury Secretary Janet Yellen on Tuesday, with both sides agreeing to better coordinate macro policies, according to China's commerce ministry.

Chinese Vice Premier Liu He attends the closing session of the Chinese People's Political Consultative Conference at the Great Hall of the People in Beijing, China May 27, 2020. REUTERS/Thomas Peter/PoolBEIJING, July 5 - Chinese Vice Premier Liu He had a "constructive" virtual dialogue with U.S. Treasury Secretary Janet Yellen on Tuesday, with both sides agreeing to better coordinate macro policies, according to China's commerce ministry.

China also expressed concern over the additional tariffs that the United States had imposed on Chinese goods, in an exchange that was "pragmatic and frank", the ministry said in a statement. The U.S. Treasury Department concurred in its own statement, saying the exchange was "candid and substantive", but did not mention China's concern about U.S. tariffs.U.S. President Joe Biden is in the process of making up his mind on easing U.S. tariffs on China, in part to ease inflation which he has said is a top priority.

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