Beijing has called on Washington to 'completely cancel' tariffs imposed on Chinese goods. The move follows retaliatory tariffs from China, which have reached as high as 125% on some US products. Chinese officials stated that the removal of tariffs is a necessary step towards restoring healthy trade relations between the two nations.
The Ministry of Commerce spokesperson emphasized that a 'return to the right path of mutual respect' is crucial for resolving the trade dispute. They argued that the current tariff regime is detrimental to both economies and hinders global economic growth. Negotiations between the two countries are ongoing, but significant disagreements remain regarding trade imbalances and intellectual property rights. The future of trade relations hinges on the willingness of both sides to compromise and find mutually beneficial solutions.
China Asks US to Remove All Tariffs
China is urging the United States to eliminate all tariffs currently in place. This request comes after both countries have imposed tariffs on each other's goods, impacting trade relations. China's Ministry of Commerce stated that removing these tariffs is essential for improving economic cooperation. They emphasized the need for a return to mutual respect in trade negotiations to resolve the ongoing dispute.
Source: Read the original article at BBC