
China's US Envoy Urges End To Trade War, But Warns Beijing Ready To Fight

China's ambassador to the United States, Xie Feng, has urged Washington to seek common ground with Beijing and pursue peaceful coexistence while warning that China stood ready to retaliate in the escalating trade war.
Speaking at a public event in Washington on Saturday, details of which were posted on the Chinese embassy's web site, Xie said tariffs would devastate the global economy and drew a parallel between the Great Depression and tariffs imposed by the US in 1930.
Referring to concepts in traditional Chinese medicine like the need to balance the opposing forces of yin and yang, Xie said harmony should guide relations between the world's two largest economies.
"A good traditional Chinese medicine recipe usually combines many different ingredients which reinforce one another and creates the best medical effect," he said.
"Likewise, the earth is big enough to accommodate both China and the US," he said. "We should pursue peaceful coexistence rather than collide head-on, and help each other succeed rather than get caught in a lose-lose scenario."
The trade war has all but frozen the mammoth trade between the world's two largest economies with tariffs over 100% in each direction and a suite of trade, investment and cultural restrictions.
China's top shipbuilding association on Saturday attacked a US plan to apply port fees on China-linked ships.
While Japan, Taiwan and others are already in talks or preparing to negotiate with Washington over President Donald Trump's "Liberation Day" tariffs, there is currently no high-level dialogue planned with China.
Trump said on Friday the US is having good conversations privately with China amid the two countries' trade war.
"By the way, we have nice conversations going with China," he told reporters at the White House. "It's, like, really very good." He did not offer additional details.
China has said the US should show respect before any talks can take place.
Xie said China opposed the trade war and would retaliate to any country imposing tariffs on it.

Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research

- AR.IO Launches Credit Card Payments For Web3 Identity And Hosting On Arweave
- Common Launches First Privacy Web App With Subsecond Proving Times For Arbitrum And Aleph Zero EVM
- Swissborg Offers FREE €30,000 Grant To Help You Take The Leap
- FLOKI And Rice Robotics Launch AI Companion Robot With Token Rewards
- US-Based GEM Fund Commits $80 Million Investment To Vietnam's Leading Proptech Firm Meey Group
- Bydfi Partners With Ledger To Launch Limited Edition Hardware Wallet, Debuts At TOKEN2049 Dubai
Comments
No comment