China Demands U.S. Commitment Ahead of Trade Truce Expiration
As the current trade truce between China and the United States nears its expiration, Beijing is calling for “efforts” from Washington to ensure a “positive outcome based on equality, respect, and mutual benefit,” reports 24brussels.
The Chinese Ministry of Foreign Affairs issued a statement urging collaboration with the U.S. to uphold the critical consensus previously established between the countries’ leaders. The ministry stressed the need to utilize the existing economic and trade consultation mechanisms to achieve favorable results.
The truce, agreed upon in May during discussions in Geneva, is set to lapse this Tuesday. This agreement included a significant reduction of tariffs that had been enacted since early April, which led to an effective trade embargo between the two largest global economies. Recent dialogues in Stockholm highlighted both nations’ willingness to favor discussion over conflict as a means of resolution.
U.S. Trade Representative Jamieson Greer confirmed to CBS that negotiations are underway to extend the truce. Meanwhile, Commerce Secretary Howard Lutnick suggested that an additional pause for approximately 90 days might be on the table, reflecting a potential willingness from both sides to avert further economic tensions.
China reaffirms its right to conduct trade with its partners independently, resisting external pressures, particularly in light of upcoming significant international meetings, including a historic meeting between U.S. President Trump and Russian President Putin in Alaska, which may influence global trade dynamics.
