China Urges US to Rethink Tariffs in Call for Dialogue Amid Trade Tensions

February 21, 2025
China Urges US to Rethink Tariffs in Call for Dialogue Amid Trade Tensions
  • Chinese experts view this call as a positive step towards reducing misunderstandings and finding practical solutions to stabilize bilateral relations.

  • The updated U.S. State Department fact sheet reflects a shift in policy towards prioritizing American interests and addressing China's economic practices as unfair.

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

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

  • Trump has hinted at the possibility of a visit from Chinese President Xi Jinping to the U.S., although no specific timeline has been provided.

  • The U.S. had a goods trade deficit of $295.4 billion with China in 2024, which increased as Chinese exporters aimed to avoid new tariffs.

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

  • Chinese officials reiterated that trade wars yield no winners and called for mutual respect and equality in negotiations to safeguard the interests of both nations.

  • The Chinese foreign ministry has emphasized resolving trade issues through dialogue and mutual respect, especially in light of Trump's comments on a potential trade deal.

  • The call occurred amid heightened tensions between the U.S. and China, particularly during President Trump's second term, which has seen the implementation of a 10 percent customs duty on all Chinese imports since February 1, 2025.

  • This call marks the first publicized interaction between He Lifeng and Scott Bessent since Bessent took office, signaling a commitment to ongoing communication despite disputes.

  • Both nations conveyed a desire for equal dialogue and consultation to address mutual concerns and promote cooperation based on respect.

Summary based on 18 sources


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