Chinese: Trade War and Chinese Goods

chinese: Trade negotiation teams of China and the US are discussing the details of a planned meeting in September in the US, Gao Feng, a spokesperson for the Ministry of Commerce MOFCOM told a press briefing on Thursday, without disclosing further details, according to Global Times China. The right issue to discuss at the moment should be the US ending all tariffs on 550 billion in Chinese goods, Gao said. Photo IC After rounds of tariffs imposed by both China and the US, a Chinese official stressed that Beijing has adequate countermeasures against US actions, and he called for the US to end tariffs on Chinese goods and stop escalating the trade war. An escalation of the trade war may have disastrous consequences for the world, and neither China nor the US can benefit from it, he noted. To keep cracking down on Chinese companies would ultimately hurt US companies and damage global industry chains, Gao said, adding that the two countries could be partners and mutually beneficial to each other, instead of being rivals in a zero-sum game. Responding to a tweet by the US President Donald Trump that called on US companies to move out of China, Gao told the Global Times that bilateral economic ties are profound and not subject to anyone's wishes. (news.financializer.com). As reported in the news.