In a recent video call, He Lifeng expressed China's serious concerns about U.S. tariffs and restrictive measures, highlighting the importance of maintaining strong bilateral economic relations.

The call comes amid heightened tensions during President Trump's second term, particularly following his implementation of a 10 percent customs duty on all Chinese imports effective February 1, 2025.

Chinese experts view this call as a positive step towards reducing misunderstandings and finding practical solutions to stabilize relations between the two nations.

Both sides have expressed a desire for equal dialogue and consultation to address mutual concerns and promote cooperation based on respect.

The U.S. recorded a goods trade deficit of $295.4 billion with China in 2024, reflecting an increase as Chinese exporters aimed to avoid new tariffs.

China advocates for multilateralism and collaboration, contrasting its approach with the U.S.'s unilateral actions.

The discussion is expected to focus on the trade balance, with insights suggesting potential for reaching some consensus.

China aims to maintain stable relations with the U.S., which may include discussions about the appreciation of the renminbi to help balance trade.

Scott Bessent indicated that the call was intended as an introductory conversation, with hopes for productive discussions.

Chinese officials reiterated that trade wars yield no winners, advocating for mutual respect and equality in negotiations.

President Trump mentioned the possibility of a visit from Chinese President Xi Jinping to the U.S., although no specific timeline was provided.

The Chinese Foreign Ministry criticized the U.S. State Department's updates, claiming they misrepresented facts and exacerbated tensions in U.S.-China relations.