The Ministry of Commerce in China said on Friday that Beijing has Assess multiple approaches The Trump administration for trade talks, but the steep tariffs imposed by Washington must go.
The statement of the ministry repeats the position of China, which is open for negotiations, but also that Beijing is determined to fight if necessary. It said unilateral tariffsup to 145%Stay an obstacle by undermining trust.
“The tariff and trade wars were unilaterally initiated by the United States, if the US side wants to talk, it must show its sincerity and be prepared to take measures on issues such as correction of the wrong practice and cancellation of unilateral tariffs,” the statement said.
A press secretary of the unnamed ministry was given that Beijing took note of various statements of US high -ranking officials, which indicate a willingness to agree on tariffs.
“At the same time, the US has recently launched an initiative to transfer information to the Chinese side, several times through the relevant parties, hoping to talk to the Chinese side. In this regard, the Chinese side makes an assessment,” the statement reads.
But he emphasized that China would consider overturns without changing the sharp tariffs of President Donald Trump as insincere.
“Saying one thing, but to do another, or even trying to engage in compulsion and blackmail under the guise of negotiations, will not work on the Chinese side,” the statement reads.
China is in the midst of a state holiday, with closed government offices and markets. But the prices for Hong Kong stocks jumped by 1.7% at the beginning of Friday, while the Taiwanese benchmark increased by 2.2%. US futures have also advanced.
As of Friday, Trump administration endsfree releaseAbout low import imports from China. This will mean higher prices and delivery delays if the government starts collecting tariffs for each shipment.
Beijing responded to Trump’s campaigns, raising his own US import duties to 125%. It also strengthened the export restrictions on some strategically important minerals and ceased to import a wide range of agricultural products.
At the same time, China sought to join other countries to build a single front against Trump while simultaneously increasing its counter -Trump tariffs.
Trump struck the world import tax by 10%, or the tariff to try to force the manufacturers to move the factories back to the US, he ordered two -digit “mutual” tariffs for many countries, but then postponed their implementation for 90 days to allow negotiations. He also got into foreign steel, aluminum and car.
The most violent measures were reserved for China, the largest exporter in the world and the second largest economy.
His announcements about higher tariffs, suspensions, and then more tariffs left companies, investors and consumers who stopped on what was going onConfidence in consumers.
Finance Minister Scott Baircraft, who manages the administration’s approach to China, said he expects Beijing to call because the tariffs are not stable.
In an interview on Thursday with Fox Business, Igent said that the main problem with Beijing was not high tariffs but other barriers.
“There is a whole range of bad behavior of the Chinese,” said the inflate, mentioning the theft of intellectual property as trademarks and cyberhak. ”
“So, everything is on the table for economic relations,” he said, adding, “I am sure the Chinese will want to reach a deal.”
However Beijing showed a scanty readiness to compromiseA scary videoSocial networks said this week that the United States “launched a global tariff storm.”
In the trade war, China promised not “on the knees”.
“Only more bullying is inviting on his knees,” the statement reads.
Originally this story was presented on Fortune.com
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2025-05-02 09:12:00
Elaine Kurtenbach, The Associated Press
