China says successful US trade talks make return to tariff war unnecessary
By Joe Cash
Beijing (Reuters) -China wants to bring back trade ties with the US, the Minister of Commerce, the recent negotiations in Europe showed that the US is not needed to fight a tariff war while inviting a superpower to act properly.
Trade Minister Wang Wentao told journalists on Friday, emphasizing the economic mutual dependence of “ups and downs” in the relationship of the two countries.
In particular, when asked about the United States, Wang added, “Great countries should act like big countries. They should assume their responsibilities,” he added that he would protect China’s national interests.
China, Beijing and Washington have reached a preliminary agreement for the last month with a preliminary agreement for Tar Tariff Weeks for Tat last month, faced with a deadline dated 12 to reach a resistant tariff agreement with the US.
If any agreement cannot be reached, global supply chains may face renewed turmoil from tasks exceeding 100%.
Wang said that early this year’s negotiations in Geneva and London show that there was no need to return to a trade war.
“It has proved that through practice, dialogue and consultation, leadership and communication, we can correctly manage the highest levels of contradictions and solve our differences.” He said.
He continued: “We will continue to strengthen dialogue and communication, to deepen the unity of mind, to reduce misunderstandings, to increase cooperation, in order to get healthy, stable and sustainable development in order to get back to China-US economic and trade relations jointly.”
China’s rare land exports rose 32% monthly in June, and customs data showed that agreements were probably fruitful to release the flow of metals in London last month.
Yonca Nvidia will also continue to sell H20 AI chips to China, General Manager Jensen Huang said that this week, US Trade Secretary Howard Lotnick is also a part of the negotiations about the rare worlds.
Wang said on Friday that he met Huang the previous day and proved that “the dust settled, everyone – especially to the US side – was impossible to separate forced separation.”
Wang said that the US general tariff level brought to China was “still high” with 53.6%. Analysts, exceeding 35% of additional tasks will probably delete the profit margins of Chinese manufacturers, he said.
“Both sides realized that they need each other, because many of the goods and services that we exchang cannot be filled or at least in the short term.” He said.
