China says U.S. dialogue to continue as Beijing hints trade talks are advancing

China says U.S. dialogue to continue as Beijing hints trade talks are advancing


Trade tensions between the world’s two largest economies have escalated in the last two weeks.

Dilara Irem Sancar | Anadolu | Getty Images

The U.S. and China have agreed to maintain communication following a call between Chinese Vice Foreign Minister Ma Zhaoxu and U.S. Deputy Secretary of State Christopher Landau, according to a brief readout released by the Chinese Foreign Ministry on Friday.

Both sides exchanged thoughts on crucial issues during the call on Thursday, the statement said, without elaborating.

The U.S. Department of State issued a similar statement Thursday, briefly noting the consensus on the importance of the bilateral relationship and an agreement to keep open lines of communication.

The statement came as Beijing and Washington continued to trade swipes at each other, despite the tariff de-escalation following a meeting between both sides in Switzerland earlier this month.

Chinese authorities pushed back against a U.S. decision that warned companies not to use Chinese-made artificial intelligence chips, particularly those provided by Huawei Technologies.

China’s Ministry of Commerce earlier this week called the move “unilateral bullying” and blamed the U.S. for undermining trade talks.

Correction: This story has been updated to reflect the call was with U.S. Deputy Secretary of State Christopher Landau.



Source

Market turmoil is hitting most traditional safe havens. UBS says this is the place to hide
World

Market turmoil is hitting most traditional safe havens. UBS says this is the place to hide

The U.S. and Israel are showing signs of escalating their war against Iran – a move that could batter a variety of assets, even traditional safe havens. To protect their portfolios, investors can snap up stocks from an oft-shorted sector: pharmaceuticals, UBS analysts say. Since the first strikes last Saturday, the Iran War has roiled […]

Read More
Zealand’s stock falls 35% after disappointing drug result. Its CEO tells CNBC people need to focus less on the ‘weight loss Olympics’
World

Zealand’s stock falls 35% after disappointing drug result. Its CEO tells CNBC people need to focus less on the ‘weight loss Olympics’

Wegovy is produced by pharmaceutical company Novo Nordisk and has been approved for specifically for chronic weight management in adults and adolescents. (Photo by Steve Christo – Corbis/Corbis via Getty Images) Steve Christo – Corbis | Corbis News | Getty Images The chief executive of drugmaker Zealand Pharma sought to calm investors about the latest […]

Read More
U.S. payrolls unexpectedly fell by 92,000 in February; unemployment rate rises to 4.4%
World

U.S. payrolls unexpectedly fell by 92,000 in February; unemployment rate rises to 4.4%

Pacific Gas & Electric (PG&E) workers make repairs to an underground pipe on September 05, 2025 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images The U.S. economy lost jobs in February, a month marred by severe winter weather and a strike at a major health care provider, the Bureau of […]

Read More