China Advocates Dialogue to Mitigate Trade Tensions with the U.S.
China has requested dialogue with the U.S. to handle escalating trade tensions marked by retaliatory tariffs. The commerce ministry stresses the importance of mutual respect in consultations. Recent actions by President Trump include raising tariffs on Chinese goods to 20% and imposing tariffs on U.S. agricultural products. China has vowed to protect its interests against U.S. tariffs on steel and aluminum.
On Thursday, China urged the United States to engage in “dialogue” to diffuse escalating trade tensions, as both nations continue to impose significant tariffs on each other’s imports. He Yongqian, a spokeswoman for the commerce ministry, emphasized the necessity for mutual respect and equality in any consultations.
He warned that “threats and intimidation can only be counterproductive” and expressed hope for both nations to collaborate in addressing issues through constructive dialogue. Since taking office in January, President Trump has implemented tariffs on several trading partners, including the imposition of a 20-percent tariff on Chinese goods this month.
In retaliation, China has introduced tariffs of up to 15 percent on various U.S. agricultural products such as soybeans, pork, and chicken. Further, as the leading global steel producer, China announced its commitment to take “all necessary measures” to defend its interests against new U.S. tariffs on steel and aluminum imports.
In summary, the call for dialogue from China reflects the ongoing trade tensions with the U.S., marked by reciprocal tariff impositions. Both nations are encouraged to approach these challenges with mutual respect and an emphasis on dialogue as the solution to their trade disagreements. The consequences of these tariffs continue to significantly impact trade relations between the world’s two largest economies.
Original Source: m.economictimes.com
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