Latest News by Industry
• The meeting will be the first communication between the two
• The U.S. and China made a deal to work together against global warming
U.S. President Joe Biden will hold a virtual summit with Chinese President Xi Jinping on Monday evening.
The meeting will be the first communication, besides two phone calls, between Biden and Xi since the U.S. President’s term began.
U.S.-China relations have worsened over the last few years as the former U.S. President Donald Trump levied many tariffs on the Asian country.
Beijing has been trying to lift tariffs on over $350 billion worth of Chinese goods but the Biden administration has not acted on it.
Another difference between the two countries has been on human rights of Uyghur Muslim minority ethnic group.
Beijing has been alleged of discriminating against the minority group and has been internationally criticized for that.
United States imposed sanctions of several officials in Xinjiang Province, the traditional homeland of the Uyghur people in March.
Secretary of State Tony Blinken called the treatment of Uyghurs in China a “genocide.”
U.S.-China deal
Despite these differences, the two countries have decided to work together in certain areas of crucial importance.
On Wednesday, a surprise deal was made between China and the United States to deal with the increasing global warming.
U.S. climate envoy John Kerry and his Chinese counterpart Xie Zhenhua revealed a deal between the two countries, two biggest greenhouse gas emitters.
China, the biggest producer and user of coal, pledged to accelerate its transition from coal, according to the deal.
Picture Credits: Reuters