China said this Friday that it is “willing to dialogue with the United States” to “manage differences” in the economic and commercial area, given the arrival to the presidency of Donald Trump, who promised to tax up to 60% of imported products from the country. . Asian country.
“China is willing to engage in dialogue, expand areas of cooperation and manage differences with the United States, so as to promote the stable development of economic and trade relations,” said Wang Shouwen, China’s representative for international trade and vice minister. trade. at a press conference.
Wang said relations should be based on “mutual respect, peaceful coexistence and cooperation.”
Wang warned that Beijing “will firmly safeguard its sovereignty, security and development interests during this process.”
“China can withstand the impact of external shocks” because the Chinese economy has demonstrated “strong resilience and great potential,” Wang said, when asked about the possible imposition of punitive customs tariffs, which portends worsening Trade tensions between the world’s two largest economies. world.
Wang said the economies of China and the United States are “highly complementary” and that a “stable, healthy and sustainable” development of trade relations will be “beneficial to both and all countries in the world.”
“Furthermore, recent history has shown that if a country imposes customs tariffs on China, it will not solve that nation’s trade deficit problem. On the contrary, the final cost of the rate increase will be borne by its consumers,” he stated.
According to some experts, Trump could impose tariffs of almost 40% on imports from China early next year, which would have an impact on the growth of the world’s second largest economy of up to one percentage point.
Relations between both countries deteriorated drastically during Trump’s first presidency (2017-2021), with disputes in areas such as trade, diplomacy and technology. With Joe Biden in the White House, tensions have risen again with disputes over Taiwan and restrictions on exports of semiconductors and other key technologies to China.
In 2018, after coming to power for the first time, Trump imposed several rounds of tariffs on some $370 billion (€353 billion) annually in Chinese products, around three-quarters of the Asian country’s exports to the United States. ., to which Beijing responded. with tariffs on North American exports.
Source: Observadora
