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        China US economic and trade team maintains effective communication


        The economic and trade teams of China and the United States have maintained effective communication, a spokesman for the Ministry of Commerce said Tuesday. The two sides are discussing this issue on their September visit to the United States for consultation. At present, the most important thing is to create the necessary conditions for the two sides to continue their consultations.

        The summit said at a regular press conference held by the Ministry of Commerce on the same day that China believes that if China goes to the United States for negotiations, the two sides should work together to create conditions and promote progress in the consultations.

        The summit also said that China is firmly opposed to the escalation of the trade war and is willing to resolve the issue through consultation and cooperation in a calm manner based on the overall situation of the two countries and the whole world.

        In response to the previous announcement that the US side would increase the tariff rate on Chinese goods exported to the US by about US $550 billion, Gaofeng said that China’s counter-measures were sufficient. However, in the current situation, China believes that the issue to be discussed is to eliminate further tariffs on $550 billion of Chinese goods exported to the United States and prevent the trade war from continuing to escalate. China is negotiating with the United States on this issue.

        “We hope that the United States and China will walk in the opposite direction, and on the basis of equality and mutual respect, push for a proper settlement of China US economic and trade issues.” He said.


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