China’s Ministry of Commerce spokesperson’s spokesperson said today (4th) that the economic and trade teams of China and the United States have maintained communication.
Gao Feng said that the unilateral tariff increase imposed by the US on China’s products is the starting point of Sino-US trade friction. If the two sides can reach an agreement, the tariffs imposed must be cancelled. He also stated that China is implementing the relevant procedures for the unreliable entity list system in accordance with the established rhythm.
Yumei to stop suppressing Chinese companies
For the US President Trump said that he will lift the ban on Huawei, the peak refers to the hope that the US can implement this commitment and stop using the state power to suppress the wrong practices of Chinese enterprises as soon as possible.
He emphasized that the essence of Sino-US economic and trade cooperation is mutual benefit and win-win. China has always emphasized the need to uphold consultations on the principles of mutual respect, equality and mutual benefit. If an agreement is reached, it should be two-way balance, equality and mutual benefit. The core concerns of China must be properly resolved.
Reuters quoted an official of the US Trade Representative Office on Wednesday (3rd) as saying that senior US and Chinese representatives are arranging to resume negotiations next week to resolve a one-year trade war between the world’s two largest economies.