US EditionChina Ponders Export Limitations to Quell Trump's Trade Onslaught
- China is considering voluntary export restraints to respond to recent tariffs imposed by U.S. President Donald Trump, affecting critical sectors such as electric vehicles and batteries.
- Chinese Vice Premier He Lifeng expressed that China is willing to engage in 'candid dialogue' with the United States to resolve trade issues.
- Premier Li Qiang emphasized China's commitment to economic globalization and multilateralism, amid rising global trade tensions.
- The potential export restraints could mitigate the impact of U.S. Tariffs and indicate a shift in China's strategy towards a more negotiation-based approach.
52 Articles
52 Articles
phelpscountyfocus.com
China says to pursue 'correct' path of globalisation as trade woes mount
China's number two leader told a gathering of business executives in Beijing on Sunday that the country would pursue economic globalisation despite "fragmentation", a thinly veiled reference to trade turmoil sparked by US President Donald Trump.
China Explores Limiting Its Own Exports
Wall Street Journal: “Like Japan decades ago, China is considering trying to blunt greater U.S. tariffs and other trade barriers by offering to curb the quantity of certain goods exported to the U.S..” “Tokyo’s adoption of so-called voluntary export restraints, or VERs, to limit its auto shipments to the U.S. in the 1980s helped prevent Washington from imposing higher import duties.” “A similar move from Beijing, especially in sectors of key con…
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