The Chinese Ministry of Commerce emphasized that while China welcomes all parties to resolve trade differences with the United States through equal consultations, it firmly opposes any deal that sacrifices China's interests in exchange for tariff relief.
On Saturday (June 28), the Chinese Ministry of Commerce, in a Q&A posted on its official website, called on all parties to firmly defend international economic and trade rules and the multilateral trade system. It said: "China firmly opposes any arrangement where one party sacrifices China's interests for so-called tariff relief. Should such a situation arise, China will absolutely not accept it, and will resolutely counteract to safeguard its legitimate rights and interests."
A spokesperson for the Ministry of Commerce said: "Since April this year, the United States has imposed so-called 'reciprocal tariffs' on global trading partners, which is a typical unilateral bullying act. It has seriously impacted the multilateral trading system and severely disrupted normal international trade order. China has always resolutely opposed this."
With the July 9 'reciprocal tariff' deadline approaching, the United States is speeding up efforts to reach agreements with dozens of trading partners. White House Press Secretary Levitt said last Thursday (26th), in response to media inquiries, that the suspension of reciprocal tariffs could be extended, and the decision is up to President Trump.
US Commerce Secretary Lutnick also said last Thursday that Trump is prepared to finalize a series of trade agreements with ten trading partners within two weeks. "We will conclude ten major agreements, categorize them appropriately, and other countries will follow suit shortly thereafter."
However, on Friday (27th), Trump suddenly announced an immediate termination of all trade negotiations with Canada, citing Canada’s plan to move forward with its digital service tax on US tech companies. He threatened to announce new tariff rates on Canadian goods within a week.
With the July 9 'reciprocal tariff' deadline approaching, the United States is speeding up efforts to reach agreements with dozens of trading partners. White House Press Secretary Levitt said last Thursday (26th), in response to media inquiries, that the suspension of reciprocal tariffs could be extended, and the decision is up to President Trump.
US Commerce Secretary Lutnick also said last Thursday that Trump is prepared to finalize a series of trade agreements with ten trading partners within two weeks. "We will conclude ten major agreements, categorize them appropriately, and other countries will follow suit shortly thereafter."
However, on Friday (27th), Trump suddenly announced an immediate termination of all trade negotiations with Canada, citing Canada’s plan to move forward with its digital service tax on US tech companies. He threatened to announce new tariff rates on Canadian goods within a week.