China's new trade negotiator amid ongoing trade war
China has appointed a new lead negotiator for international trade as it faces steep tariffs imposed by U.S. President Donald Trump. On Wednesday, the Chinese Ministry of Human Resources announced that Li Chenggang has been named the country's new trade representative and vice-minister of commerce.
Li takes over from Wang Shouwen, who had been involved in the 2020 trade agreement between China and the U.S. At 58 years old, Li previously served as China's permanent representative to the World Trade Organization (WTO). He holds degrees in law and economics, with part of his studies completed in Germany. Throughout his career, Li has held various positions within the Ministry of Commerce.
The U.S. and China are engaged in a prolonged trade standoff following Trump's imposition of high tariffs on rivals and partners, with China being the primary target. Trump has enforced tariffs as high as 145% on a wide range of Chinese products, to which China has responded with retaliatory tariffs of 125% on American goods.
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