A 60% tax on all Chinese goods? The Ministry of Foreign Affairs responded! Trade between China and the United States has increased more than 200 times in 45 years...

According to Xinhua News Agency, Beijing, January 26, 2024 is the 45th anniversary of the establishment of diplomatic relations between China and the United States. The trend of Sino-US economic and trade relations and economic and trade cooperation have attracted attention. Minister of Commerce Yu Wentao said at a press conference held by the State Council Information Office on the 26th that from the economic and trade perspective, trade between the two countries has increased more than 200 times in 45 years, with investment stock exceeding 260 billion US dollars. More than 70,000 American companies have invested and established business in China.

Wang Wentao said that last November, the heads of state of China and the United States successfully met in San Francisco and formed the future-oriented "San Francisco Vision", which pointed out the direction for the development of economic and trade relations between the two countries and effectively enhanced the confidence and expectations of the business communities of the two countries in carrying out economic cooperation..We always believe that the common interests between China and the United States in the field of economic and trade cooperation far outweigh their differences. The two sides should strengthen dialogue and communication, strive to help enterprises solve various problems they face in carrying out practical economic and trade cooperation, and explore the potential of economic and trade cooperation.

He further gave an example: "Many companies in the two countries, especially U.S.-funded companies, have reported that the biggest concern now is Sino-U.S. relations and that economic and trade issues will be politicized. Some U.S.-funded companies told us that if we want to "de-risk" now, the biggest concern is The risk is just this, there is no other one. Companies are also concerned about other issues, including the imposition of additional tariffs that will significantly increase operating costs, and two-way investment restrictions that hinder market access. Because sanctions bring uncertainty to the companies themselves and their partners, compliance costs Greatly improved. These are issues that we need to discuss in the future, and they are also issues that need to be solved by both of us. We have great sincerity in promoting the solution of issues that companies are concerned about.

In the next step, China is willing to work with the United States to conscientiously implement the consensus reached by the two heads of state at the San Francisco meeting, and give full play to the communication and exchange mechanisms established by the two countries' ministries of commerce. Monthly consultations, and export control information exchange mechanism. The two sides maintain regular communication, properly manage differences, enhance understanding and mutual trust, promote practical cooperation, and strive to create a good environment for economic and trade cooperation between the two countries, especially for stable expectations of enterprises.

Imposing 60% tariff on Chinese goods? Foreign Ministry’s response

At the regular press conference of the Ministry of Foreign Affairs of China on January 29, a reporter asked that the "Washington Post" quoted multiple people familiar with the matter as saying that former US President Trump, who was participating in the election, had discussed with his advisers all opinions on the matter. The possibility of 60% tariffs on Chinese goods. What is China’s response to this?

Chinese Foreign Ministry spokesman Wang Wenbin said we do not comment on unconfirmed news. I want to emphasize that the essence of China-US economic and trade relations is mutual benefit and win-win. Maintaining the healthy and stable development of China-US economic and trade relations is in the fundamental interests of both countries and their peoples, and is also conducive to global economic growth.

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