Economy

China and US Yet to Begin Trade Talks Amid Rising Tariffs Tensions

China Denies Trade Negotiations with the US

The Chinese Foreign Ministry has clarified that no trade negotiations have taken place between China and the United States, despite the recent exchange of tariffs. Spokesperson Guo Jiakun emphasized the need for mutual respect as a foundation for any future dialogue.

US Tariffs Violate WTO Rules, Says China

Guo Jiakun criticized the US tariffs on Chinese exports, labeling them as a "tsunami" that contravenes the rules of the World Trade Organization (WTO). He urged the US to stop its threats if it is genuinely interested in constructive talks.

Trump's Stance on Tariffs

The comments from the Chinese Foreign Ministry follow US President Donald Trump's statement that the duration and value of the tariffs imposed on China are contingent upon Beijing's actions.