BEIJING (Reuters)
China’s foreign ministry urged Washington to stop “misleading the public” regarding tariff negotiations and stated they were unaware of reports about exempting tariffs on some U.S. imports.
“The United States and China are not engaged in consultations or talks on the tariff issue,” said Guo Jiakun, a foreign ministry spokesperson, during a press briefing.
U.S. President Donald Trump claimed that trade talks between the two countries were ongoing, contradicting statements from both China’s foreign ministry and commerce ministry.
Guo mentioned he was not aware of any specific tariffs that China may consider exempting on U.S. imports. This situation increases confusion regarding when and if the world’s two largest economies will discuss tariffs on each other’s goods.
Multiple rounds of tariff hikes have increased U.S. tariffs on Chinese goods to 145% and China’s tariffs on U.S. imports to 125%, impacting businesses in both countries. The Trump administration indicated it would consider lowering tariffs on some Chinese goods if talks with Beijing progressed, while China asserted that the U.S. should eliminate all “unilateral” tariffs to resolve trade issues.
On Friday, China’s top policymakers met to emphasize the importance of supporting businesses and workers amid growing “external shocks.”
The tit-for-tat tariff strategy initiated by President Trump on April 2 has the potential to disrupt trade and heightens fears of a global economic slowdown.
Recently, the U.S. altered its approach, acknowledging that the current situation was unsustainable, and China is contemplating exempting some U.S. imports from its 125% tariffs, suggesting Beijing’s awareness of the economic repercussions.
These developments signify that both nations are willing to de-escalate their trade war.
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