China Commits to Increasing Imports Following US Tariff Avoidance

Reported about 15 hours 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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