Chinese vice premier urges U.S. to resolve trade disputes with China through dialogue, cooperation

The United States should resolve trade disputes with China through equal dialogue and mutually beneficial cooperation, Chinese Vice Premier He Lifeng, also China's lead official for economic and trade affairs with the U.S., has stated.

China reiterates that the United States should work with China to honor their words with actions, and demonstrate sincerity in keeping commitments and concrete efforts to implement consensus, so as to jointly safeguard the hard-won outcomes of dialogue, He said.

He made the remarks during the first meeting of the China-U.S. economic and trade consultation mechanism held in London from Monday to Tuesday with U.S. lead person Treasury Secretary Scott Bessent, U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer.

During the talks, the two sides held candid and in-depth talks, and thoroughly exchanged views on economic and trade issues of mutual concern.

The two sides reached principled agreement on implementing the important consensus reached by the two heads of state during their phone call on June 5 and the framework of measures to consolidate the outcomes of the economic and trade talks in Geneva, and made new progress in addressing each other's economic and trade concerns.

Calling the meeting an important consultation held under the guidance of the strategic consensus reached by the two heads of state on June 5, He said that China's position on China-U.S. economic and trade issues has always been clear and consistent.

"China-U.S. economic and trade relations are mutually beneficial and win-win in nature, and cooperation benefits both sides while confrontation harms both," he stated.

There are no winners in trade wars, He said, adding that China does not seek conflict but will not be intimidated by one.

Additionally, He urged the United States to resolve trade disputes with China through equal dialogue and mutually beneficial cooperation, adding that while China is sincere in pursuing economic and trade consultations, the country also has its principles.

Next, the two sides should, in accordance with the important consensus and requirements reached by the two heads of state during their phone call, make better use of the China-U.S. economic and trade consultation mechanism, and work to enhance consensus, reduce misunderstanding and strengthen cooperation, He emphasized.

The vice premier also added that the two sides should maintain communication and consultation, and promote the steady and sustained growth of China-U.S. economic and trade relations, so as to inject more certainty and stability into the world economy.

The U.S. side said that the meeting had achieved positive outcomes and further stabilized bilateral economic and trade relations, adding that the U.S. would walk in the same direction as China in accordance with the requirements of the phone call between the two heads of state to jointly implement the consensus reached at this meeting.