The Chinese government stated that the country supports “Normal Communication” with the United States in trade issues. Thus, Beijing denied information about a possible trading war with the United States, reports Reuters.
Washington and Beijing signed a trade agreement in January 2020 to Pandemic. It contains a call for China to increase the purchases of US export products for $ 200 billion within two years. The term of the Covenant expires at the end of 2021. Economists say that Beijing is lagging behind in achieving this goal – partly due to coronavirus.
Press Secretary of the Ministry of Commerce of the PRC of Gao Feng Draws attention to the fact that trade and economic cooperation is important for both countries, so China and the United States must cooperate.
US Sales Representative Catherine Thai August 25 stated that Washington will continue to fight with the dishonest trade policy of China and its non-market practices that interfere with American business and workers. Tai noted that US President Joe Biden and his administration conduct an audit of trade policy against the PRC.
In July, the Chinese Foreign Ministry warns the United States from the resumption of a trade war, which suffers not only by the PRC, but also the United States. Thus, China answered the US Finance Minister Janet Yellen, who called the trade transaction harmful to American consumers. She stated that the agreement does not solve the fundamental problems of Washington and Beijing.