China urges US to jointly promote ‘stable’ economic ties amid Trump tariff letters

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Beijing’s reaction comes after Trump announced that he will send letters to various countries stating how much tariffs they will pay

China on Friday urged the US to jointly promote “stable” economic ties as US President Donald Trump mulls sending letters to nations over his “Liberation Day” tariff.

Chinese Foreign Ministry spokeswoman Mao Ning expressed Beijing’s hope that Washington “will meet China halfway to take concrete actions to uphold and implement the important consensus reached during the phone call between the heads of state of the two countries, jointly promoting the healthy, stable, and sustainable development of China-US economic and trade relations,” according to the Global Times.

“We suggest you consult the relevant Chinese authorities,” Mao also said during a news conference in Beijing.

Beijing’s reaction comes after Trump announced on Thursday that he will send letters to various countries stating how much tariffs they will pay, possibly beginning Friday, as the tariff deadline, July 9, is just days away.

Trump said the letters will specify how much each nation will have to pay, such as “a 20%, 25%, or 30% tariff.”

On a related note, Beijing and Washington reached a framework on a tariff deal last month after talks held in Geneva and London.

Separately, Bloomberg earlier Friday reported, citing sources, that Washington lifted its export ban on the GE Aerospace jet engine parts and technology to China.

Mao, in response to the media report, expressed hope that the US will cooperate with Beijing to “maintain the healthy and stable development.”

“What I can say is that we hope the US will work with China to maintain the healthy and stable development of bilateral economic and trade relations,” Mao added.

#China

#GE Aerospace

#Mao Ning

#United States

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