The lated news about Sino-US trade war

On the 29th,Chinese  President Xi Jinpi ng met with US President Trump in Osaka. The two heads of state exchanged in-depth views on the fundamental issues concerning the development of Sino-US relations, the current Sino-US economic and trade frictions, and international and regional issues of common concern, and directed the development of the relationship between the two countries in the next phase, agreeing to promote coordination, cooperation and stability. The tone of Sino-US relations.

Xi Jinping pointed out that Sino-US relations are one of the most important bilateral relations in the world. Looking back on the 40 years since the establishment of diplomatic relations between China and the United States, the international situation and the relations between the two countries have undergone tremendous changes, but a basic fact has not changed. That is, Sino-US cooperation is both beneficial and painful, cooperation is better than friction, and dialogue is better than Good confrontation. At present, China-US relations have encountered some difficulties, which is not in the interests of both sides. Although China and the United States have some differences, the interests of the two sides are highly harmonious and the areas of cooperation are broad. They should not fall into the trap of so-called conflict confrontation, but should promote each other and develop together. The President has stated on many occasions that he hopes to do a good job in Sino-US relations. You also expressed 100% approval of mutual respect and mutual benefit. This is the right direction we should firmly grasp. The two sides should maintain exchanges at all levels in accordance with the principles and directions set by me with the President, strengthen cooperation in various fields, and jointly promote Sino-US relations based on coordination, cooperation and stability.

Trump said that he is very happy to meet with President Xi Jinping again. I still remember the visit to China in 2017, which is my most enjoyable visit. I have seen with my own eyes the extraordinary Chinese civilization and the great achievements China has made. I am not hostile to China and hope that relations between the two countries will get better and better. I cherish the good relationship with President Xi Jinping and are willing to strengthen cooperation with China. Trump said that the US and China will work hard in accordance with the principles and directions set by the two heads of state to jointly promote US-China relations based on coordination, cooperation and stability, and expressed the belief that the US-China summit will vigorously promote the US. The development of China relations.

Regarding economic and trade issues, Xi Jinping emphasized that fundamentally speaking, the essence of Sino-US economic and trade cooperation is mutual benefit and win-win. China and the United States have huge interests and the two countries should become good partners for cooperation. This is beneficial to China, to the United States, and to the whole world. The Chinese side has the sincerity to continue negotiations with the US to control differences, but the negotiations should be equal, embody mutual respect and resolve their respective legitimate concerns. On issues involving China’s sovereignty and dignity, China must safeguard its core interests. As the world’s two largest economies, the differences between China and the United States will ultimately be resolved through dialogue and consultation to find mutually acceptable solutions.

Trump said that the US hopes to properly resolve the trade balance between the two countries through consultations and provide fair treatment for enterprises of both countries. The US will no longer impose new tariffs on Chinese exports. I hope China can increase imports from the United States. The US is willing to reach a mutually acceptable trade agreement with China, which will be of historical significance.

The two heads of state agreed to restart economic and trade consultations on the basis of equality and mutual respect, and the US no longer imposes new tariffs on Chinese products. The economic and trade teams of the two countries will discuss specific issues.