U.S. Vice President JD Vance says that the U.S. and China are not discussing Taiwan in upcoming trade talks. Vance said the U.S. is focused on its economic policy with China, to decrease the trade deficit.
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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.