China Denies Active Negotiations with US Over Tariffs

China on Thursday denied any suggestion that it was in active negotiations with the administration of U.S. President Donald Trump over tariffs, saying that any notion of progress in the matter was as groundless as “trying to catch the wind.”

Background

China’s comments come after Trump said Tuesday that things were going “fine with China” and that the final tariff rate on Chinese exports would come down “substantially” from the current 145 per cent.

Guo Jiakun, a spokesman for China’s Foreign Ministry, said during a daily briefing on Thursday that, “For all I know, China and the U.S. are not having any consultation or negotiation on tariffs, still less reaching a deal.”

“China’s position is consistent and we are open to consultations and dialogues, but any form of consultations and negotiations must be conducted on the basis of mutual respect and in an equal manner,” Commerce Ministry spokesman He Yadong said.

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US-China Trade Tensions

“Any claims about the progress of China-U.S. trade negotiations are groundless as trying to catch the wind and have no factual basis,” the spokesman said.

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Trump had told reporters earlier in the week that “everything’s active” when asked if he was engaging with China, although his treasury secretary had said there were no formal negotiations.

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US-China Trade War

Asked Thursday about China denying there were any conversations ongoing with the U.S., Trump said “They had a meeting this morning,” before adding, “it doesn’t matter who they is.”

The U.S. president has expressed interest in a way to climb down from his massive retaliatory tariffs on Chinese imports to the U.S. There are mounting business and consumer concerns that the taxes will drive up inflation and potentially send the economy into a recession.

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Tariffs and Trade

Trump had put 145 per cent tariffs on imports from China, while China hit back with 125 per cent tariffs on U.S. products. While Trump has given other countries a 90-day pause on the tariffs, as their leaders pledged to negotiate with the U.S., China remained the exception. Instead, Beijing raised its own tariffs and deployed other economic measures in response while vowing to “fight to the end.” For example, China restricted exports of rare earth minerals and raised multiple cases against the U.S. at the World Trade Organization.

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China’s Stance

China also made it clear that talks should involve the cancellation of all tariffs it currently faces.

“The unilateral tariff increase measures were initiated by the United States. If the United States really wants to solve the problem, it should face up to the rational voices of the international community and all parties at home, completely cancel all unilateral tariff measures against China, and find ways to resolve differences through equal dialogue,” said He, the Commerce Ministry spokesman.

Despite the economic measures leveled against China, Trump said Tuesday that he would be “very nice” and not play hardball with Chinese President Xi Jinping.

“We’re going to live together very happily and ideally work together,” Trump said.

Conclusion

The US-China trade war continues to escalate, with both countries imposing tariffs on each other’s products. China has denied any active negotiations with the US, while Trump has expressed interest in finding a way to climb down from the tariffs. The situation remains uncertain, with mounting concerns about the impact on the global economy.

FAQs

Q: What is the current state of US-China trade negotiations?

A: China has denied any active negotiations with the US, while Trump has expressed interest in finding a way to climb down from the tariffs.

Q: What are the tariffs imposed by the US and China?

A: The US has imposed 145 per cent tariffs on imports from China, while China has hit back with 125 per cent tariffs on US products.

Q: What are the concerns about the US-China trade war?

A: There are mounting concerns about the impact on the global economy, with fears that the tariffs could drive up inflation and potentially send the economy into a recession.

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