As two major countries with different development stages and economic systems, it is inevitable that there will be differences and frictions in Sino-US economic and trade cooperation. The document pointed out that the two sides should respect each other's core interests and major concerns and find a proper solution to the problem through dialogue and consultation. Moreover, China has always believed that the essence of Sino-US economic and trade relations is mutual benefit and win-win.
Since the outbreak of trade frictions in 2018, the United States has imposed tariffs on Chinese products exported to the United States worth more than US$500 billion, and has continued to implement policies aimed at containing and suppressing China. Recently, the United States has imposed comprehensive tariffs on Chinese products, including tariffs on the grounds of fentanyl, "reciprocal tariffs" and measures to increase existing tariffs by 50%.
These measures violate the principles of market economy and multilateralism, seriously hinder the normal economic and trade cooperation between the two countries, and will have a serious impact on Sino-US economic and trade relations. In response to this move by the United States, China has taken strong countermeasures, resolutely defended national interests, insisted on resolving differences through dialogue and consultation, and has held multiple rounds of consultations with the United States to stabilize bilateral economic and trade relations.
