The Chinese foreign ministry said that “trade wars and tariff wars produce no winners” and harm the interests of people in all countries, as per the state media Global Times.
The response came after US President Donald Trump claimed that the “very good relationship” he enjoys with his Chinese counterpart Xi Jinping will make it “possible” to strike a new trade deal with China.
Addressing reporters on Air Force One on Wednesday, Trump claimed that he achieved a “great trade deal” with China during his first presidency in 2020.
“But remember, he loves China, and I love the USA. So, you know, right there, there’s a little bit of competitiveness.”
Chinese Foreign Ministry spokesperson Guo Jiakun said, “Both sides should resolve their respective concerns through dialogue and consultation based on equality and mutual respect, and China will continue to take necessary measures to resolutely safeguard its legitimate rights and interests.”
According to a report in the New York Times, Trump has expressed interest in a deal that would include substantial investments and commitments from the Chinese to buy more American products (despite China’s failure to buy an additional USD 200 billion of goods and services under the 2020 agreement). He would like an agreement to also include issues like nuclear weapons security, which he envisions ironing out man-to-man with Xi, according to his advisors.
