China Commits to Increasing Imports Following US Tariff Avoidance

Reported about 1 month ago

Chinese Vice Premier Ding Xuexiang announced plans to boost imports in response to recent US tariff discussions, emphasizing balanced trade and the desire for high-quality foreign goods. His comments followed US President Trump's decision to focus on tariffs against Canada and Mexico instead of China. This marks a potentially warming relationship between the US and China under Trump's administration, as he rescues TikTok from a ban and hints at further dialogues with Chinese President Xi Jinping. Ding also highlighted China's low tariff levels and sought to attract foreign investment amid a significant trade surplus.

Source: YAHOO

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