00:00U.S. Vice President J.D. Vance refutes reports that Washington is interested in making a strategic deal with Beijing that touches on Taiwan.
00:09This comes just days before the U.S. and China are set to hold their first high-level trade talks since Trump announced heavy tariffs.
00:17So I haven't seen those reports that you mentioned, a strategic deal on Taiwan, so I wouldn't speak to that.
00:23I certainly would say that there has been no conversation between our governments about a strategic deal on that particular question.
00:30What we have talked about, of course, is that we cannot absorb the producer surplus of the entire world.
00:39Vance was speaking at a security conference in the U.S. Capitol on Washington's trade relations with Beijing.
00:44He said the U.S. would be looking for Chinese consumption to increase in order to balance the trade deficit of hundreds of billions of dollars.
00:52The U.S. imposed a 145 percent tariff on China, which responded with a 125 percent levy on American goods.
Comments