13:19 GMT21 February 2020
Listen Live
    Asia & Pacific
    Get short URL

    WASHINGTON (Sputnik) - Trade tensions between the United States and China will damage both countries as well as the global economy, Chinese Foreign Affairs Director Yang Jiechi said during a joint press conference with senior US officials at the Department of State on Friday.

    "A trade war, instead of leading to any solution, will only end up hurting both sides and the global economy," Yang told reporters. Yang pointed out that bilateral commercial relations have been mutually beneficial and have produced gains for both China and the United States.

    However, the issues that have developed from differences in economic structures can be resolved through dialogue and consultation, Yang said.

    China has been open to talks and continues to be in favor of finding solutions through diplomatic engagements, Yang noted.

    Moreover, Yang expressed hope that US President Donald Trump and Chinese President Xi Jinping will continue their productive relationship and follow through on mutual commitments.

    READ MORE: China Slashes Tariffs on Imported Goods as US Ramps Up Trade War — Scholars

    Trump is expected to meet Xi during the G-20 summit in Argentina at the end of November.

    China and the United States are currently engaged in a trade war triggered by Trump's announcement in June that $50 billion worth of Chinese goods would be subject to 25 percent tariffs, in a bid to fix the US-Chinese trade deficit. Since then, the two countries have imposed several rounds of tit-for-tat tariffs, levying duties on billions of dollars of each other's goods.


    US-China Trade War Can Strengthen National Unity, Trump Says
    Russia May Partially Replace US in Soybean Exports to China Amid Trade War - PM
    Analyst on US-China Trade War: Trump Brags About Things He Doesn't Know End Of
    China Slashes Tariffs on Imported Goods as US Ramps Up Trade War - Scholars
    China Outpaces India in Removing Business Obstacles Against Trade War Backdrop
    impact, economy, trade war, China, United States
    Community standardsDiscussion
    Comment via SputnikComment via Facebook