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Trade War Between China And The United States Ceased To Impose Tariffs On Each Other
- May 22, 2018 -

Xi Jinping, the special envoy of President Xi Jinping, the Political Bureau of the Central Committee of the Central Committee of the Communist Party of China, the vice premier of the State Council and the Chinese leader of the comprehensive economic dialogue between the United States and the United States, received a media interview on the morning of 19 local time, Liu Heyu. He said that the biggest achievement of the Sino US economic and trade consultation was that the two sides reached a consensus that they would not trade wars and stop tariffs on one another.




Liu He said that this is a positive, pragmatic, constructive and productive visit, and the two sides have reached a lot of consensus on the development of positive and healthy Sino US economic and trade relations. The most important reason for the positive results of this consultation is the important consensus reached by the heads of state of the two countries. The fundamental reason is the needs of the two peoples and the whole world.






Liu He said that China and the United States will strengthen trade cooperation in the fields of energy, agricultural products, medical treatment, high-tech products and finance. This can not only push our economy towards high quality development, meet the needs of the people, but also help the us to reduce the trade deficit. It is a win-win choice. At the same time, the two sides will continue to strengthen mutual investment and deepen cooperation in the field of intellectual property protection. This is not only conducive to China and the United States, but also conducive to the stability and prosperity of global economic and trade.




He stressed that China has a large middle income group and will become the largest market in the world. The market is highly competitive. If you want to get a share in the Chinese market, the exporter must improve the competitiveness of its products and services so that the Chinese people are willing to buy it. China will not only buy it from the United States, but also buy it from all over the world. China will host the first international import fair, welcoming the participation of all countries in the world.




Liu He said that President Xi Jinping put forward four areas of opening up in the Boao forum for Asia in 2018. We will speed up the implementation in accordance with the requirements of President Xi. Promoting reform and promoting development through opening up is the experience and Inspiration of China's reform and opening up in the past 40 years and will continue in the future.




Liu He said that the mutual understanding of the two sides has its inevitability, but at the same time, it must be realized that it is not a day of cold. It takes time to solve the structural problems of economic and trade relations between the two countries for many years. The healthy development of Sino US economic and trade relations is in line with the trend of history. No one can stop it. Facing the new contradictions which may be encountered in the development of the relations between the two countries in the future, we should treat it calmly, adhere to the dialogue and handle it properly.




Joint statement on economic and trade consultations between China and the United States




China and the United States issued a joint statement on bilateral economic and trade consultations in Washington on the 19 th. The contents of the statement are as follows:




According to the instructions of President Xi Jinping and President Trump, in from May 17 to 18, 2018, the Chinese delegation led by President Xi Jinping and vice premier Liu He of the State Council, and the American delegation including finance minister Mnuchin, commerce minister Ross and trade representative lettash, held constructive consultations on trade issues.




The two sides agreed that effective measures would be taken to substantially reduce the trade deficit between the United States and China. To meet the increasing consumption demand of the Chinese people and promote the development of high-quality economy, China will increase its purchases of goods and services from the United States. It also helps us economic growth and employment.




The two sides agreed to increase exports of US agricultural products and energy in a meaningful way. The US side will send a group to China to discuss specific issues.




The two sides discussed the expansion of trade in manufacturing products and services, and reached consensus on creating favorable conditions and increasing trade in these areas.




Both sides attached great importance to the protection of intellectual property rights and agreed to strengthen cooperation. China will promote the revision of relevant laws and regulations including the patent law.




The two sides agreed to encourage two-way investment and will strive to create a fair competitive business environment.




The two sides agreed to maintain high-level communication and actively seek solutions to their respective economic and trade issues.


Xinhua News Agency commentary: mutual benefit and win-win situation, let Sino US economic and trade negotiations continue to move forward.




President Xi Jinping's special envoy and vice premier Liu Heyu were invited to visit the United States in from May 15th to 19th. After several days of hard and hard consultations, the two sides finally reached a consensus on not fighting trade war, and jointly issued a joint statement on economic and trade consultations on the afternoon of 19 local time. The two sides will strengthen economic and trade cooperation in many fields.




It can be said that this is a positive, pragmatic, constructive and productive visit. It is a good news for both the Chinese and American people and the international community to implement the important consensus before the two heads of state.




From the end of February, Liu he went to the United States and sent a delegation to China in the early May. Then president Xi Jinping should make an appointment with the president of the United States, and then to the United States to invite Liu He to the United States. This all conveys a clear signal: under the guidance of the important consensus reached by the heads of state of the two countries, double Fang is moving towards the direction of solving the problem.




The "positive, practical, constructive and productive" from the consultations in Beijing from the consultations in Washington, D.C., have been very profound: the number of consultations has increased and the results of consultations are advancing. In the last consultations, the two sides still have big differences on some issues, but this time more progress has been made in a number of specific areas, such as strengthening economic and trade cooperation in the fields of energy, agricultural products, medical care, high-tech products, finance and other fields, strengthening the protection of intellectual property rights and encouraging two-way investment. Behind these hard won achievements, it is the unremitting efforts of both sides to implement the important consensus reached by the two heads of state and actively seek ways for the proper settlement of the economic and trade disputes.




Negotiation is the art of mutual understanding and mutual accommodation, seeking mutual interests in compromise. A losing deal will not last and the win-win cooperation will last long. The joint statement issued by the two sides on economic and trade consultations is a model of win-win results. The United States will increase its export to China's high quality energy and agricultural products. In the United States, the United States will help to reduce its trade deficit and promote its economic development. In China, it can promote the diversification and quality of the product supply, better adapt to the high quality of the economy, meet the needs of the people, and benefit the welfare of the people of the world.




No rain, how can I see the rainbow. It is not easy to reach Chengdu for every achievement. Whether in Beijing or Washington and facing the unreasonable demands of the United States, the Chinese government has always been a resolute counterattack, never compromise, and do not accept the limits set by the other. Starting from the interests of the state and the people and proceeding from the actual needs of China's development, it is the principle China's negotiations have always adhered to.




Three feet cold is not a day. The differences in economic structure and cultural cognition between China and the United States make the two countries' economic and trade disputes settled in a long-term, arduous and complicated way. Therefore, we need more sincerity, wisdom and patience to control differences and solve problems. This is a good start from the initial sword to the present stage of consultations. We have reason to believe that as long as China and the United States are guided by the concept of mutual respect, mutual benefit and win-win situation, there will be no mountain that can not overcome.