China says it is willing to talk with US to push forward bilateral trade

22/11/2024 18:57

        China is willing to conduct active dialogue with the United States based on the principles of mutual respect and promote the development of bilateral economic and trade relations, vice commerce minister Wang Shouwen said on Friday.
        
        Wang, also China's International Trade Representative, said China would be able to "resolve and resist" the impact of external shocks, responding to a question about the impact of potential tariffs from U.S. President-elect Donald Trump.
        
        Wang said at a press conference in Beijing, "We believe that China and the U.S. can maintain a stable, healthy, and sustainable development trend in economic and trade relations."
        
        Wang said, China is also willing to "expand areas of cooperation and manage differences" with the U.S.
        
        With Trump's threat to impose tariffs in excess of 60% on all Chinese goods, which has rattled Chinese manufacturers and accelerated factory relocation to Southeast Asia and other regions, Chinese exporters are bracing for any trade disruptions.
        
        Economists polled by Reuters believe the United States could impose nearly 40% tariffs on imports from China early next year, potentially slicing growth in the world's second-biggest economy by up to 1 percentage point.