US, China Trade Chiefs Complaints Before Summit
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- Bessent warned that China’s new extraterritorial regulations could chill global supply chains, targeting firms that shift critical‑mineral sourcing away from Beijing.
- He Lifeng voiced “serious concern” over recent U.S. restrictive trade measures and pledged to strengthen cooperation, per CCTV.
- Greer joined the call on behalf of the U.S. Trade Representative, continuing the dialogue that began in March in Paris.
- Wang Yi told U.S. Secretary of State Rubio that Taiwan is the biggest point of risk in U.S.-China relations ahead of the summit.
- CCTV described the conversation as “candid, in‑depth and constructive,” noting both sides agreed to further enhance consensus.
Why it matters: U.S. exporters face higher compliance costs as Beijing’s extraterritorial rules target firms shifting critical‑mineral sourcing; the May 14‑15 summit will decide if those rules ease, preserving U.S. market access.
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