China is advocating for the cancellation of all unilateral tariffs imposed by the U.S. as a means to resolve the ongoing trade dispute. This call for action comes amid indications that the Trump administration may be considering a reduction in tariffs. Notably, China emphasized that no trade talks have taken place between the two nations, despite U.S. claims of engagement.
President Donald Trump has consistently asserted that a deal with China is imminent, stating that there has been “direct contact” between the two countries. He has characterized the tariffs as “reciprocal,” viewing them as a necessary step to address unfair trade balances. In a statement on Thursday, He Yadong, a spokesperson from China’s Commerce Ministry, suggested that if the U.S. genuinely wants to resolve the trade issues, it should eliminate its unilateral tariffs.
He metaphorically stated that the “person who tied the bell must untie it,” implying that it is the responsibility of the U.S. to make the first move. Reports indicate that the Trump administration is contemplating a reduction of tariffs on Chinese imports from an existing rate of 145% to between 50% and 65%, depending on the outcomes of discussions with China. He also urged the U.S. to heed the rational opinions of both the international community and domestic stakeholders.
Foreign Ministry spokesperson Guo Jiakun reiterated that there have been no consultations or negotiations regarding tariffs, labeling any contrary reports as false. On the home front, a roundtable discussion involving over 80 foreign businesses took place to address concerns over U.S. tariffs and their impacts. Vice Commerce Minister Ling Ji expressed hope that these firms would transform challenges into opportunities.
Lastly, in remarks made at a G20 meeting in Washington D.C., China’s central bank Governor Pan Gongsheng reaffirmed China’s commitment to supporting free trade rules and the multilateral trading system.