US, China Talk Trade, Supply Chains As Biden Weighs Tariff Cuts

United States Treasury Secretary Janet Yellen and Chinese Vice Premier Liu discussed economic issues including international trade and supply chains, as the Biden administration considers lowering tariffs on Chinese goods to tame soaring inflation. <br />China’s Ministry of Commerce says the pragmatic and frank talks touched on the macroeconomic situation and the stability of global supply chains. <br />China also expressed concerns about US tariffs and sanctions against Chinese firms, the ministry said, adding that both sides had agreed to continue the dialogue.