China raises concerns over US tariffs, Russia-related sanctions in Washington talks

China has expressed concern over US tariffs and Russia-related sanctions during a meeting of the two countries’ Economic Working Group in Washington,

China’s Vice Minister of Finance Liao Min also introduced about the basket of stimulus policies the world’s second largest economy rolled out recently during Friday’s meeting, the sixth of its kind, with U.S. Treasury Undersecretary Jay Shambaugh, the ministry said in a statement.

Liao, in the US capital for the annual meetings of the International Monetary Fund and the World Bank, also held a courtesy talk with Treasury Secretary Janet Yellen after the Economic Working Group meeting.

On Friday, the European Union and China have agreed to hold further technical negotiations soon on possible alternatives to tariffs on China-built electric vehicles.

The EU is set to impose additional tariffs of up to 35.3% next week on electric vehicles built in China, at the conclusion of its anti-subsidy investigation, but has said talks can continue after then.

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The European Commission, which oversees trade policy for the 27-nation European Union, has already held eight rounds of technical negotiations with Chinese counterparts and said there were “significant remaining gaps”.

With inputs from agencies.