China still ‘open’ to trade engagement with Trump despite tariff threats

Even as the risk of another trade war looms as Donald Trump prepares for his second term, China stresses ‘dialogue and coordination’ with US

Reading Time:2 minutes

US president-elect Donald Trump has pledged to impose new tariffs on China soon after taking office for his second term. Photo: AFP

Published: 9:30pm, 12 Dec 2024

China remains “open to engaging with the new US administration” on trade, the country’s Ministry of Commerce said on Thursday, maintaining a cordial tone despite the high likelihood of new tariffs during Donald Trump’s imminent second term as US president.

“China’s stance against unilateral tariffs has been consistent,” said ministry spokesman He Yadong at a regular press conference.

Beijing is willing to strengthen dialogue and coordination with Washington, he added, while “effectively managing differences” to ensure the “steady and long-term development” of ties.

His remarks came as concerns mount over a potential resurgent trade war between the world’s two largest economies, as Trump has signalled he will resume his hardline stance upon taking office.

Addressing the heads of 10 major international economic organisations in Beijing on Tuesday, President Xi Jinping warned that there would be “no winners” in a protracted conflict between the two powers.

“Tariff wars, trade wars and technology wars run counter to historical trends and economic laws,” Xi said.

He added that China is ready to “maintain dialogue, expand cooperation and manage differences with the US government,” stressing the country will continue to safeguard its interests.