#therayfield News

Commerce Leaders from US, China Fail to Find Common Ground

U.S. Commerce Secretary Gina Raimondo met with her Chinese counterpart Wang Wentao on May 25. The two traded complaints but failed to break new ground in the floundering Sino-American trade relationship.
Raimondo “raised concerns” about the Chinese Communist Party’s (CCP) actions against U.S. companies in China, according to a statement released by the Commerce Department.
Wang, likewise, expressed concerns about U.S. efforts to prevent the regime from obtaining advanced semiconductors and other critical technologies, a statement from the CCP’s Commerce Ministry said.
The Commerce Department’s readout added that the talks included “candid and substantive discussions on issues relating to the U.S.-China commercial relationship.” These included discussion of areas of trade and investment ripe for “potential cooperation,” but neither side gave any indication that such discussion bore fruit, nor did they specify what areas cooperation might take place in….

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