In response to escalating trade tensions with the United States, China's Commerce Minister Wang Wentao has engaged in discussions with leaders from the European Union (EU) and the Association of Southeast Asian Nations (ASEAN) to bolster economic cooperation and counteract the impact of US. tariffs.
On April 8, 2025, Minister Wang held a video conference with EU Trade Commissioner Maros Sefcovic. The talks focused on enhancing trade relations and addressing the challenges posed by the increased US. tariffs on Chinese goods.
Both parties agreed to resume negotiations on electric vehicle price commitments and other trade relief measures. Wang emphasized China's commitment to strengthening industrial cooperation with the EU and supporting the rules-based multilateral trading system.
Simultaneously, Wang met with Malaysian Trade Minister Zafrul Aziz, whose country currently holds the ASEAN chairmanship. The discussions underscored the importance of reinforcing China-Malaysia and broader China-ASEAN trade relations. Wang expressed China's readiness to enhance communication and coordination with ASEAN nations to address mutual trade concerns and promote economic collaboration.
These diplomatic initiatives come in the wake of US President Donald Trump's decision to impose a 125% tariff on Chinese imports, a move that has intensified global trade tensions. China has condemned the US. actions as unilateral and protectionist, vowing to defend its economic interests.
Amid these developments, China is also focusing on stabilizing its currency, the yuan, to mitigate the economic impact of US. sanctions. By strengthening ties with the EU and ASEAN, China aims to diversify its trade partnerships and reduce reliance on the US. market.
These efforts reflect China's strategy to uphold the multilateral trading system and foster regional economic stability in the face of escalating trade disputes.
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Kazakhstan and Pakistan signed a series of trade and transit agreements during a high-level business forum in Karachi, paving the way for expanded commercial cooperation and long-term logistics development between the two countries.
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