On Aug 24, 2026, Vice Minister of Finance Liao Min in Beijing held a videoconference with U.S. Treasury deputy for international affairs Ailin Brown to exchange views on the global economic outlook and China‑U.S. cooperation in G20 and APEC finance channels.

US goods trade deficit widened 17.2% MoM to $118.8 bln in July, the largest since March 2025 and above the median economist forecast of $100.5 bln, Commerce Department data showed. The data are not adjusted for inflation; imports rose 3.7% while goods exports fell 2.9%. The import surge was driven mainly by higher shipments of capital equipment, including continued strong inflows of AI-related gear, as firms stockpiled goods and raw materials and adjusted to shifting tariff rates. Separately, the Iran war has boosted global demand for US petroleum products.

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