Clicky

  • Login
  • Register
  • Submit Your Content
  • Contact Us
Wednesday, August 28, 2024
World Tribune
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
Submit
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
No Result
View All Result
World Tribune
No Result
View All Result

Biden and Xi Jinping hold phone call ahead of Yellen’s trip to China

April 2, 2024
in News
Reading Time: 3 mins read
A A
Biden and Xi Jinping hold phone call ahead of Yellen’s trip to China
0
SHARES
ShareShareShareShareShare

READ ALSO

Buffett’s Berkshire Hathaway hits $1 trillion market value, first U.S. company outside of tech to do so

Cryptocurrencies slide amid a wave of long liquidations, bitcoin briefly falls under $60,000

Biden and Xi Jinping hold phone call ahead of Yellen’s trip to China

President Joe Biden spoke with Chinese President Xi Jinping on the phone Tuesday, a call the White House described as a way for the two leaders to “check in” and responsibly manage the strained U.S.-China relationship.

“Intense competition requires intense diplomacy to manage tensions, address misperceptions and prevent unintended conflict,” a senior administration official said on a call with reporters on Monday. “This call is one way to do that.”

During the call with Xi, the first such phone meeting since July 2022, Biden planned to raise a host of U.S. concerns, the official said.

They include the two superpowers’ economic relationship, the tensions over Taiwan, China’s support for Russia in its Ukraine invasion and growing cybersecurity threats, especially ahead of November’s U.S. presidential election.

The last time Biden and Xi met in person was in November, on the sidelines of a summit in Woodside, California.

There, the leaders agreed to resume military-to-military communications between the U.S. and China. Since then, there have been several significant meetings and conversations between military leadership, with more expected later this year, the Biden administration official said.

On Wednesday, Biden’s top economic envoy, Treasury Secretary Janet Yellen, is scheduled to depart for China to hold face-to-face meetings with her counterparts over five days in Guangzhou and Beijing. Secretary of State Antony Blinken also plans to visit China later this year.

“The U.S.-China economic relationship is unquestionably now on firmer footing than it was two years ago,” a senior Treasury official said Monday on a press call to preview Yellen’s trip. “We know that there are deep challenges and disagreements in this relationship, and that they won’t be solved overnight.”

Last week in a speech, Yellen warned of her concerns about China’s overproduction of clean energy products like solar panels, electric vehicles and lithium-ion batteries. She said China was using this surplus to flood global markets and undercut pricing in green industries still developing in countries like the United States.

Yellen said this was one of the issues she planned to confront her Chinese counterparts about during her visit. The Chinese embassy in Washington later denied there was any overcapacity.

In recent weeks, the Treasury Department has also highlighted concerns about Beijing’s financial practices, specifically China’s alleged use of “early-stage” investments in U.S. tech sector companies as a way to access sensitive data.

Meetings like those Yellen plans to hold are part of the Biden’ administrations’s overall effort to stabilize relations between the superpowers after a years long communication freeze. That breakdown began with the Trump-era tariffs that sparked a near trade war, and continued after Biden imposed his own trade restrictions on the country.

“To take it back to that meeting last November, both President Biden and President Xi agreed that they would try to pick up the phone a bit more,” the senior administration official said. “Both sides realize that it’s important to do that to really manage relationships in a more responsible fashion.”

Credit: Source link

ShareTweetSendSharePin
Previous Post

Form’s smart swimming goggles get refined for 2024

Next Post

Disney board fight hinges on Vanguard, other institutional investors

Related Posts

Buffett’s Berkshire Hathaway hits  trillion market value, first U.S. company outside of tech to do so
News

Buffett’s Berkshire Hathaway hits $1 trillion market value, first U.S. company outside of tech to do so

August 28, 2024
Cryptocurrencies slide amid a wave of long liquidations, bitcoin briefly falls under ,000
News

Cryptocurrencies slide amid a wave of long liquidations, bitcoin briefly falls under $60,000

August 28, 2024
U.S. researchers visit Korean tungsten mine amid critical minerals race with China
News

U.S. researchers visit Korean tungsten mine amid critical minerals race with China

August 28, 2024
Asia stock markets: Australia CPI, Nvidia earnings
News

Asia stock markets: Australia CPI, Nvidia earnings

August 28, 2024
Chinese EV maker Xpeng shares pop 6% after its mass-market car launch
News

Chinese EV maker Xpeng shares pop 6% after its mass-market car launch

August 28, 2024
Trump budget proposals would spike deficits 5 times more than Harris
News

Trump budget proposals would spike deficits 5 times more than Harris

August 28, 2024
Next Post
Disney board fight hinges on Vanguard, other institutional investors

Disney board fight hinges on Vanguard, other institutional investors

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

What's New Here!

What’s likely to move the market in the next trading session

What’s likely to move the market in the next trading session

August 13, 2024
Saudi Arabia’s spending is adopting a clear shift in strategy

Saudi Arabia’s spending is adopting a clear shift in strategy

August 23, 2024
Rudy Gobert, Team France coach clash over NBAer’s Olympic status

Rudy Gobert, Team France coach clash over NBAer’s Olympic status

August 7, 2024
A kids’ activity tracker that was fun for me, an adult

A kids’ activity tracker that was fun for me, an adult

August 8, 2024
New Food and Beverage Product Launches, August 5 – 9

New Food and Beverage Product Launches, August 5 – 9

August 9, 2024
Market sell-off won’t last as there’s no tech bubble to burst: CIO

Market sell-off won’t last as there’s no tech bubble to burst: CIO

August 12, 2024
Noah Lyles celebrates 100-meter Olympic gold with girlfriend Junelle Bromfield

Noah Lyles celebrates 100-meter Olympic gold with girlfriend Junelle Bromfield

August 5, 2024

About

World Tribune is an online news portal that shares the latest news on world, business, health, tech, sports, and related topics.

Follow us

Recent Posts

  • Temu founder Colin Huang is no longer China’s richest man
  • Buffett’s Berkshire Hathaway hits $1 trillion market value, first U.S. company outside of tech to do so
  • Watch out, there’s a new AI pin in town that can transcribe all your conversations
  • ESPN’s Adam Schefter fuels Travis Kelce engagement ring buzz

Newslatter

Loading
  • Submit Your Content
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2024 World Tribune - All Rights Reserved!

No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food

© 2024 World Tribune - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In