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China Touts Trade Benefits for US in Last-Ditch Tariff Appeal
@Source: financialpost.com
The article is the second in a series of commentaries on China-US ties seemingly timed with the US president’s plan to impose reciprocal tariffs on April 2. A US review of China’s compliance with a previous trade deal was due the day before, with the results likely to feed into future tariff and other policy decisions.
“This article appears to be Beijing’s last effort to avert Trump’s tariffs against China in the hope of changing his mind,” said John Gong, a former consultant to China’s Commerce Ministry who is now a professor at the University of International Business and Economics in Beijing. “But I think it is still going to be falling on deaf ears.”
The first piece on Monday named Tesla Inc. and Apple Inc. as examples of how China’s vast market and manufacturing capabilities have made it an indispensable partner of US firms. The article struck a conciliatory tone, calling for greater China-US cooperation despite their competition.
“China and the US can absolutely achieve a mutually beneficiary win-win situation by making use of their respective advantages and strengthening investment cooperation,” the article read.
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