BEIJING – China has urged the United States to engage in fair and equal talks to resolve ongoing trade tensions. Commerce Minister Wang Wentao emphasized that both countries must act responsibly as global powers. He called for healthy and stable commercial relations between the two major economies.
Speaking at a press conference on Friday, Wang highlighted that China’s trade sector remains strong despite external challenges. He stated that the country plans to expand both imports and exports under its next five-year development plan. According to Wang, recent policy support for exports has proven effective during tough global conditions.
Wang acknowledged the ups and downs in US-China trade relations but stressed that both sides have learned valuable lessons. He said a complete decoupling of their economies is unrealistic and harmful in the short term. Trade between the two nations, he added, remains vital and often irreplaceable.
Despite US President Donald Trump’s decision earlier this year to raise tariffs on Chinese goods above 100%, the two countries reached a temporary trade truce in May. However, China now faces an August 12 deadline to strike a final deal. If not, Washington may reinstate several trade restrictions imposed during earlier disputes.
Currently, the US maintains a high average tariff of 53.6% on Chinese imports. Wang repeated that while China does not want a trade war, it will firmly defend its national interests. He added that “there are no winners in a trade war,” urging cooperation over confrontation.
In conclusion, Wang stated that the world expects responsible behavior from major countries like the US and China. He believes that open communication and equal consultation can help both nations manage their trade differences and avoid further escalation.