Home > News > Content
U.S. And China Trade War
- Jun 21, 2018 -

It is not good for trade between China and America trade war.


At about 19:30 p.m. EST on the US time, US President Trump stated through the White House that he was considering the addition of a 10% tariff on an additional $200 billion of Chinese goods.

39B2AF35B7215A14FC7DB6EF284DC6DF7DE75A30_size24_w600_h333.jpeg

From May 3rd to 4th, May 2018, members of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, Liu He, and the U.S. delegation led by the U.S. President’s Special Envoy and Minister of Finance Mutukin conducted frank and efficient issues on Sino-U.S. economic and trade issues of common interest. Constructive discussion. Both sides believe that the development of a healthy and stable Sino-U.S. economic and trade relationship is of great importance to the two countries and they are committed to resolving relevant economic and trade issues through dialogue and consultation. The two sides fully exchanged views on expanding US exports to China, bilateral trade in services, two-way investment, protection of intellectual property rights, resolution of tariffs and non-tariff measures, and reached consensus in some areas. The two sides recognized that there are still big differences on some issues and that they need to continue to step up their work and make more progress. The two sides agreed to continue to maintain close communication on relevant issues and establish a corresponding working mechanism. 

On the afternoon of May 30, 2018, the US economic and trade consultation team had arrived in Beijing. The team of more than 50 Americans will consult with the Chinese team on the concrete implementation of the consensus statement between the two parties. [twenty three] 

From June 2nd to 3rd, 2018, members of the Political Bureau of the CPC Central Committee, Vice Premier of the State Council and Chinese leader of the China-U.S. Economic Dialogue Liu He led the Chinese team and the US team led by US Secretary of Commerce Ross in the Diaoyutai State Guesthouse in Beijing. The economic and trade issues were discussed. The two sides carried out a good communication between the two countries in implementing the consensus in Washington and had achieved positive and concrete progress in various fields such as agriculture and energy. The relevant details are subject to final confirmation by both parties.

The Chinese attitude is consistent. In order to meet the growing needs of the people for a better life and meet the requirements of high-quality economic development, China is willing to increase imports from all countries in the world, including the United States. This will benefit both peoples and the world. Reform, opening up, and expanding domestic demand are China's national strategies. Our established rhythm will not change.

The achievements reached by both China and the United States should be based on the premise that the two sides should act in opposition and not fight the trade war. If the United States introduces trade sanctions including the increase of tariffs, all the economic and trade achievements negotiated by the two parties will not take effect.