Balancing Global Trade: U.S. Strategy on China and Taiwan

The U.S. and China have yet to engage in discussions concerning a strategic arrangement on Taiwan, according to U.S. Vice President JD Vance. Speaking at the Munich Security Conference in Washington, Vance outlined the Trump administration's initiatives to reset global trade dynamics to favor American workers and manufacturers.

Vice President Vance highlighted the need for China to enhance its internal demand as part of the U.S.'s broader strategy for rebalancing trade. He emphasized that cutting additional trade agreements, not only with European allies but also with some adversarial nations, is a key objective.

Vance reassured that the primary goal is to pursue these trade objectives while sustaining open dialogue with the People's Republic of China (PRC), despite existing tensions between the two countries.

(With inputs from agencies.)