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China's Ministry of Commerce expresses will to have trade ties with US

2018-10-30

CHINA would still be interested is close economic ties with US despite current trade tensions, the Ministry of Commerce declared, reported CNBC News.

"We believe the overall trend [toward deeper exchange] will not reverse," said ministry spokesman Gao Feng said during a press briefing.


"We hope the US and China can look beyond the current situation and realise an even closer economic and trade cooperation with mutual benefits that resonate between the two business communities," he said.


In recent months, the Trump administration has levied tariffs on imports from China, the latest round covering US$200 billion, now set to increase to 25 per cent from 10 per cent at the end of the year. China countered with tariffs on $60 billion worth of goods from the US.


While the effect on most Chinese companies is limited, those whose products have a weaker competitive edge will face a definite impact, Mr Gao said.


"At this time, most businesses are still full of confidence in the face of these challenges," he added. "Individual governments will also implement appropriate measures to help businesses and workers cope any difficulties that may appear."

 
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