China Demands Respect in US Trade Talks
Former Chinese Vice Minister of Finance Zhu Guangyao emphasizes that further U.S.-China trade talks hinge on mutual respect and a win-win approach, not unconditional acceptance of U.S. demands. While technical communication continues, the current escalating trade war, marked by crippling tariffs on both sides, necessitates a respectful negotiation framework. Zhu expressed confidence in China’s economic targets despite the negative impact of U.S. tariffs, asserting that China won’t yield to external pressure. He also indicated that China’s large holdings of U.S. Treasury bonds are managed responsibly, but cooperation requires mutual respect.
John Q. Hosedrinker