US Firms Talk Tariffs With Top Chinese Trade Official

A senior Chinese Commerce Ministry trade official met with representatives from more than 20 U.S. companies in Bejing on April 6 to discuss the Trump administration's "abuse of tariffs" and Beijing's retaliatory measures (see 2504040024), according to an unofficial translation of the ministry's readout of the meeting. Ling Ji, China's vice commerce minister, said he hopes American companies will "take practical actions" and "jointly maintain the stability of the global production and supply chain." He also said Beijing is committed to multilateralism. The U.S. tariffs have "seriously damaged the rules-based multilateral trading system and seriously infringed upon the legitimate rights and interests of all countries," the official said. The meeting featured officials from Tesla, GE Healthcare, Medtronic and others, China said.