The U.S. is pulling back from its.......>

CHINA PRESS: The U.S. is pulling back from its hardline trade stance on China

because it is increasingly realising that a trade war could only lead to a

lose-lose situation, said Cui Tiankai, Chinese ambassador to the U.S., in an

interview with Securities Daily. 

  - The U.S. is now only caring for itself, and forgot lessons it learned after

the 2008 financial crisis after which it strengthened economic coordination with

other countries in order to recover from the event, Cui noted. 

  - The main problem stems from the fact that the U.S. wants more benefits from

its trade with China, Cui said. However, while a trade war will only make both

sides lose their share of the 'trade' pie, deepening cooperation could increase

their trade volume and benefit both nations, argued Cui.

  - China hopes to start a second round of comprehensive dialogues with the U.S.

"when conditions are ready," Cui said.