Today, U.S. Secretary of Commerce Gina Raimondo held a call with Minister of Commerce of the People’s Republic of China (PRC) Wang Wentao. During the call, the two sides discussed last month’s second meeting of the U.S.-China Commercial Issues Working Group (CIWG). The Secretary noted ongoing concerns from the U.S. business community about decreasing regulatory transparency in the PRC, non-market policies and practices, and structural overcapacity in a range of industrial sectors. Secretary Raimondo reiterated that U.S. national security is not negotiable and re-emphasized that the U.S. government’s “small yard, high fence” approach aims to safeguard U.S. national security in as targeted a manner as possible, while leaving space for healthy trade and investment. The two sides agreed to maintain an open channel of communication in the coming months.