Chinese premier appeals to Washington to avoid 'trade war'

Chinese Premier Li Keqiang, right, and French Prime Minister Bernard Cazeneuve talk during a signing ceremony at the Great Hall of the People in Beijing Tuesday, Feb. 21, 2017. Cazeneuve is in China for a three-day official visit. (Wu Hong/Pool Photo via AP)

China's No. 2 leader has expressed hope that disputes with Washington can be settled amicably and warned that a "trade war would benefit nobody."

BEIJING — China's No. 2 leader expressed hope that disputes with U.S. President Donald Trump's government can be settled amicably and warned a "trade war would benefit nobody."

Despite Trump's promises to raise duties on Chinese goods, Premier Li Keqiang said Beijing has a "stable, optimistic outlook" on trade with the United States.

Li took the unusual step of making an impromptu statement Tuesday to reporters during an appearance with his French counterpart, Bernard Cazeneuve.

"Let the figures do the talking," the premier said, citing American jobs supported by U.S.-Chinese trade.

"We have faith that, with mutual respect and on the model of cooperation through equality, issues of trade friction can be resolved amicably," Li said. "A China-U.S. trade war would benefit nobody, (and) would not benefit the world."

Trump pledged during his election campaign to raise import duties on Chinese goods to 40 percent but has yet to take formal action.

Trump argues that the existing order has short-changed Americans by exposing them to unfair competition with low-wage foreign laborers and to unjust trade practices by China and others.

His promise to raise import barriers has given Chinese leaders an opening to present themselves as champions of free trade, though other governments have said theirs is the most closed major economy.

In an implicit rebuke to Trump, the Chinese president, Xi Jinping, delivered a ringing endorsement of trade during a January speech at the World Economic Forum in Davos, Switzerland. He appealed to world leaders to "say no to protectionism."

Earlier Tuesday, the Chinese commerce minister delivered a similar message at a news conference, appealing to Washington to cooperate in promoting trade and a global economic recovery.

Gao Hucheng urged Washington to "properly solve" disputes through "dialogue and cooperation."

He argued both sides have benefited from what has grown into the world's biggest trading relationship.

"A trade war should not become an option," Gao said. "If the two sides fight, all will be hurt."

Gao said Beijing had refrained from responding to Trump earlier because it wanted to see what Washington does.

"We noticed various remarks made by presidential candidates during the election but didn't want to comment too much because we wanted to see what stance the new government would take toward trade relations with China," he said.

Related News

China promises cooperation on steel at global...

Sep 5, 2016

China promises cooperation on steel at global summit amid pressure for trade curbs

Merkel appeals to Russia to enable Syria...

Sep 5, 2016

German Chancellor Angela Merkel is renewing an appeal to Russia to enable a cease-fire in Syria and...

May says Britain still inspires confidence...

Sep 5, 2016

After meeting with other world leaders during the G-20 summit, British Prime Minister Theresa May...

Asian stocks drift as Fed rate outlook eases on...

Sep 7, 2016

Asian stocks meandered Wednesday after a weak report on U.S. service companies reinforced...

Asian stocks mixed on stronger China trade,...

Sep 8, 2016

Asian stock markets were mixed Thursday after China reported unexpectedly strong trade and Wall...

China imports grow in August for 1st time in 2...

Sep 8, 2016

China trade showed unexpected strength in August in a positive sign for global economic growth

About Us

Daily World Web took the initiative to utilize the development in cloud and AI technology to create a free, instantaneous and borderless flow of news, the way it should be.

Contact us: sales[at]dailyworldweb.com

Subscribe Now!