MNI BRIEF: China To Work With Partners As U.S. Tariffs Hit
MNI (BEIJING) - China is ready to work with international partners to safeguard the multilateral trading system, Lou Qinjian, spokesperson for the National People’s Congress said on Tuesday, answering a reporter's question regarding the U.S. additional 10% tariff on Chinese goods.
China hopes to work with the U.S. to address concerns through consultation but will not accept threatening behaviour, Lou said, adding that Beijing will firmly defend its security and development interests.
Beijing will fancy its chances of drawing the European Union away from its China derisking strategy as the chances of an EU-U.S. deal over tariffs are relatively low, despite Brussels potentially using the prospect of closer ties with Beijing as a bargaining chip with U.S. President Donald Trump, a senior Chinese policy advisor recently told MNI. (See MNI: U.S. Policies Will Push EU, China Closer - Senior Advisor)