US and China in a new phase of trade consultations

China reiterated today that it could solve its commercial disagreements with the US through dialogue and consultations, following US President Donald Trump’s statements that it would prefer not to impose duties on Beijing. “Economic and commercial cooperation between China and the US is mutually beneficial,” said Mao Ning, a Chinese Foreign Ministry spokesman during the regular briefing of journalists. “There are no winners in the trade wars and duty wars, who are not in the interest of either side, nor the world,” Mao added. Concerning the trade deficit, a central issue in the China and the US controversy, Mao pointed out that Beijing has never deliberately sought to have a trade surplus and added that there was a “huge space” for cooperation between the two countries. In an interview with Fox News, the second part of which was broadcast yesterday, Thursday, Trump said: “We have a great power on China and she […]
Source: News Beast

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