Economy

China navigates delicate US truce while affirming trade consensus

Date: Jul 4, 2025

The Chinese Commerce Ministry said on Friday that Beijing and Washington had stepped up efforts to implement what they had agreed during recent trade talks, but cautioned the United States (US) against destabilising their "hard-won" consensus.

China hopes the US can continue to meet it halfway and maintain the stability of bilateral trade and economic relations, the commerce ministry said, as the two economic superpowers seek a resolution to their trade tensions.

"We hope the US side will deeply understand the mutually beneficial and win-win nature of China-US economic and trade relations," it said in a statement.

In three separate statements released in the past week about US trade talks, the Ministry called on Washington to preserve the positive momentum while also warning other countries against "making a deal at the expense of China's interests" with the US.

Thanks to its trade truce with the US, China is not at risk of being slammed by higher tariffs when the 90-day pause on Liberation Day tariffs ends next week, but Trump's trade deals with Britain and Vietnam suggest China may remain an indirect target, said Julian Evans-Pritchard, Head of China Economics.

"It seems that Trump is keen to crack down on the rerouting of Chinese exports via third countries, which has diminished the effectiveness of US tariffs," Evans-Pritchard said.

--Reuters--

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