Chinese officials warn of risks from higher US tariffs, urge US business leaders to help mend ties

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Chinese officials have warned a delegation of top U.S. executives visiting Beijing this week that higher tariffs on imports from China will harm their businesses inside the country.

In this photo released by Xinhua News Agency, Chinese Foreign Minister Wang Yi, sixth from left, poses for a photo with a United States business delegation including FedEx CEO Raj Subramaniam, fifth from left, and Chindex CEO Roberta Lipson, fifth from right in Beijing on Monday, July 22, 2024. Chinese officials tell the visiting delegation of top U.S.

In his meeting with the group, Chinese Commerce Minister Wang Wentao emphasized that U.S. investment restrictions on China will “seriously affect the investments and operations of American companies in China,” the ministry said in a statement. It provided no details. Among others attending the meeting were Craig Allen, president of the council; Brendan Nelson, president of Boeing Global, Amit Sevak, president and CEO of Educational Testing Service, and Roberta Lipson, CEO of healthcare company Chindex International, which operates private hospitals in China and Mongolia.

At the Communist Party meetings last week, officials endorsed more than 300 reform measures in line with leader Xi Jinping’s vision for strengthening China’s role as an economic power and leader in advanced technologies.

 

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