AIRLINK 197.49 Decreased By ▼ -0.48 (-0.24%)
BOP 9.99 Decreased By ▼ -0.05 (-0.5%)
CNERGY 7.25 Decreased By ▼ -0.04 (-0.55%)
FCCL 36.50 Increased By ▲ 0.50 (1.39%)
FFL 16.82 Decreased By ▼ -0.09 (-0.53%)
FLYNG 25.51 Increased By ▲ 0.47 (1.88%)
HUBC 135.60 Increased By ▲ 1.57 (1.17%)
HUMNL 14.00 Decreased By ▼ -0.14 (-0.99%)
KEL 4.80 Increased By ▲ 0.02 (0.42%)
KOSM 6.93 Decreased By ▼ -0.01 (-0.14%)
MLCF 45.52 Increased By ▲ 0.54 (1.2%)
OGDC 218.00 Decreased By ▼ -0.23 (-0.11%)
PACE 6.95 Increased By ▲ 0.01 (0.14%)
PAEL 41.25 Decreased By ▼ -0.17 (-0.41%)
PIAHCLA 16.98 Increased By ▲ 0.12 (0.71%)
PIBTL 8.50 Increased By ▲ 0.04 (0.47%)
POWER 9.44 Increased By ▲ 0.05 (0.53%)
PPL 184.00 Decreased By ▼ -1.93 (-1.04%)
PRL 41.29 Increased By ▲ 0.02 (0.05%)
PTC 24.90 Increased By ▲ 0.13 (0.52%)
SEARL 104.00 Decreased By ▼ -0.65 (-0.62%)
SILK 1.02 Increased By ▲ 0.01 (0.99%)
SSGC 40.80 Decreased By ▼ -0.11 (-0.27%)
SYM 17.83 Decreased By ▼ -0.22 (-1.22%)
TELE 8.92 Increased By ▲ 0.01 (0.11%)
TPLP 12.84 No Change ▼ 0.00 (0%)
TRG 66.75 Increased By ▲ 0.15 (0.23%)
WAVESAPP 11.38 Increased By ▲ 0.08 (0.71%)
WTL 1.79 Increased By ▲ 0.01 (0.56%)
YOUW 4.00 No Change ▼ 0.00 (0%)
BR100 12,105 Decreased By -4.4 (-0.04%)
BR30 36,565 Decreased By -32.6 (-0.09%)
KSE100 115,152 Increased By 110 (0.1%)
KSE30 36,186 Decreased By -13.7 (-0.04%)

BEIJING: Trade officials from the US and China have held "candid, pragmatic" talks, China's commerce ministry said Thursday, their first discussions under the Biden era as Washington scrutinises whether Beijing is holding up its end of a trade pact.

A bruising trade war under President Donald Trump saw punitive tariffs lumped on a range of goods sold between the world's two biggest economies.

The two countries signed a so-called "phase 1" agreement in January 2020, in which Beijing pledged to increase its purchases of American products and services by at least $200 billion over 2020 and 2021.

But top US trade negotiator Katherine Tai has said she is analysing whether the terms of that pact have been met by China, with some experts saying Beijing is falling up to 40 percent short on its agreement to buy US goods.

On Thursday, China's commerce ministry statement said Chinese Vice Premier Liu He and Tai spoke in "constructive exchanges in an attitude of equality and mutual respect".

Under the agreement, the pair are meant to check in every six months on the progress of the agreement.

The "phase one" deal aimed to end a damaging two-year trade war launched by former president Trump, which battered relations between the two countries.

It commits China to buying tens of billions of dollars' worth of American agricultural goods, energy and services in exchange for slashing Trump-era tariffs on $120 billion of Chinese exports. However, a 25 percent levy on a further $250 billion of Chinese goods remains.

Comments

Comments are closed.