China on Wednesday emphasized that “equality, respect” is the most important factor in debates with the US, in optimism about President Trump reaching a new trade deal between the two biggest economies in the world.
Guo Zi-Kung, a spokesman for China’s Foreign Ministry, said the intensification of the trade war between Beijing and Washington would lead to “no winners,” and East Asian countries repeatedly refused to bend their knees to Trump.
“This tariff war was launched by the US, and we have made it very clear that China is not looking for war, but we are not afraid of it. We will fight. Guo said At a press conference on Wednesday.
“If the negotiated solution is what the US wants, it should stop China’s threats and threats and seek dialogue based on equality, respect and mutual interest,” he added. “To continue to seek trade while under extreme pressure is not the right way to deal with China and simply won’t work.”
Other parts of the world say they are treating the US “very unfair” in trade, but Beijing has raised tariffs on China to 145%, with Beijing fighting back on its own duties. The president has granted several exemptions, namely the exemptions on electronic devices that enter the United States.
After negotiations with Chinese President Xi Jinping, Gao Mark’s tariffs will “reduce significantly,” Trump said Tuesday.
“We’re going to be very nice. They’ll be very kind and we’ll see what happens, but in the end, they can’t trade in the US,” the president added.
Treasury Secretary Scott Bescent said Wednesday that he had the opportunity to play “a big deal” with China.
“The US is looking for a rebalance to more manufacturing industries. That identity will consume less,” Bescent said. “If Chinese people have a low dependence on export-driven manufacturing growth and are severely rebalancing into the domestic economy… If they want to rebalance, let’s do it together.”
