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.
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A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
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