SOURCE / ECONOMY
China, US should properly handle trade issues and strengthen cooperation: Foreign Ministry
Published: Sep 13, 2021 07:18 PM
Zhao Lijian Photo: VCG

Zhao Lijian Photo: VCG



Relevant departments of the US and Chinese governments should properly handle disputes and strengthen cooperation based on the spirit set by the phone conversation between the top leaders of the two countries, and facilitate bilateral relations moving back onto the right track of stable development, China's Foreign Ministry said on Monday, after the Biden administration is reportedly planning to probe into the claimed "industrial subsidies" in China. 

"The economic and trade cooperation between China and the US should be based on the spirit of mutual beneficial and win-win results, and we all have witnessed how the trade policy of former Trump administration 'lifts a rock only to drop on his own feet'," China's Foreign Ministry spokesperson Zhao Lijian said at a regular press briefing on Monday.

The comment comes after some media outlets reported that the White House is considering opening an investigation into its claimed industrial subsidies in China under Section 301 of the 1974 Trade Act, and such a probe could even lead to a new round of tariffs on Chinese goods. 

Former US president Donald Trump has used the same legal framework to impose tariffs on $360 billion of China's products during his presidency. 

During the press briefing, Zhao also referred to the phone call between top leadership of China and the US on Friday. Chinese leader, during the conversation, pointed out that the US' China policy has resulted in serious difficulties in bilateral relations and runs counter to the fundamental interests of the peoples in the two countries and the common interests of all countries.

US President Biden also stated that the US is ready to engage in more candid and straightforward exchanges with China to identify priorities for bilateral cooperation to avoid misunderstanding, miscalculation and accidental conflict.

Global Times


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