China aims to restore commercial ties with the U.S. to a stable and mutually beneficial footing according to Beijing's commerce chief.
Commerce Minister Wang Wentao is urging the U.S. to act responsibly and avoid reigniting a tariff war, saying that forced decoupling is unrealistic and trade ties must return to “healthy and sustainable” growth.
Wentao made the comment on Friday, emphasizing the need for the U.S. to act in accordance with its global responsibilities.
At a press conference, Wang highlighted China's trade resilience and confirmed plans to boost both imports and exports in the next five years, with export policies defying global challenges to sustain growth.
Despite past tensions, Wang said the two sides remain critical trading partners and should manage their disputes through “equal dialogue and consultation.”
His remarks come just months after U.S. President Donald Trump imposed steep tariffs on Chinese goods, later easing them in a temporary truce reached in May.
With a 12 August deadline approaching to finalize a deal and prevent the reinstatement of Trump’s earlier tariffs, Wang urged for continued talks. He revealed that the current U.S. tariff burden on Chinese goods stands at 53.6%— a level he described as “still high.”
“There are no winners in a trade war. China doesn’t seek conflict, but it will not back down from defending its interests,” Wang said.
Shipping traffic through the key Gulf waterways of Bab el-Mandeb and the Strait of Hormuz remained largely unchanged at the start of the week, shippin...
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U.S. President Donald Trump says Iran has a "last chance" to sign what he described as "a good document", claiming talks are continuing at Tehran's request with backing from Saudi Arabia, the UAE and Qatar.
U.S. President Donald Trump said late on Saturday he would hold off on a fresh attack on Iran as long as a deal could be reached quickly to halt Iran's nuclear ambitions and reopen the Strait of Hormuz.
Two firefighting helicopters collided while battling a major wildfire in Greece on Sunday, killing two crew members as emergency services continued efforts to contain fires fuelled by extreme heat and dry conditions across Europe.
French Prime Minister Sebastien Lecornu said wildfires that swept across France were now under control. Authorities warned that risks remained as Greece and Spain continued battling active blazes across parts of Europe.
Indonesian rescue teams are searching for 28 people still unaccounted for, three days after a passenger ferry caught fire off the coast of Madura island.
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South Korean President Lee Jae Myung urged authorities to increase support for people affected by a record heatwave, as the death toll reached 16.
The United States State Department is planning to close five diplomatic missions overseas in an uncommon reduction of its global diplomatic network, according to people familiar with a notice sent to Congress.
Morocco has blamed a recent Spanish court ruling for last week's mass migrant crossings into the Spanish enclave of Ceuta, arguing that the decision weakened a key deterrent against irregular migration and was quickly exploited by people-smuggling networks.
A coalition of 25 US states has launched a legal challenge against the Trump administration, arguing that its latest attempt to impose sweeping tariffs on imports from around the world exceeds presidential powers and risks pushing up prices for American consumers.
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