The Chinese foreign ministry spokesperson has insisted economic and trade cooperation is mutually beneficial and a “win-win” situation. Mao Ning added there are no winners in trade wars and tariff wars. U.S. President Donald Trump said he would "rather not" impose tariffs on China but referred to the option as a "tremendous power".
#china #us #trade #tariffs
#china #us #trade #tariffs
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00:00What I want to say is that Sino-US trade cooperation is mutually beneficial.
00:04China never deliberately pursues trade smoothness.
00:08Although there are differences and frictions between China and the US,
00:11the common interests of the two countries and the space for cooperation are huge.
00:14The two sides can strengthen dialogue and negotiation in this regard.
00:17We have repeatedly expressed our position on this issue.
00:20Sino-US trade cooperation is mutually beneficial.
00:25We think that if there are differences and frictions between the two sides,
00:28China should solve them through dialogue and negotiation.
00:31There is no winner in the trade war and the tariff war.
00:33It is not in the interest of either side and it is not in the interest of the world.
00:36I put tariffs on China.
00:38We took in hundreds of billions of dollars,
00:41and Biden was unable to end them because it was so much money.
00:45You couldn't do it in terms of the budget.
00:46He wanted to end them.
00:47He did everything he could to end them.
00:49He couldn't get it done.
00:51But we have one very big power over China,
00:56and that's tariffs.
00:58And they don't want them, and I'd rather not have to use it,
01:01but it's a tremendous power over China.