The spokesman of the Ministry of Chinese tradeHe Yadong, declared a press conference that currently There are no economic or commercial negotiations Between both countries. He added that the versions about an alleged progress “They lack the foundation and factual base”
The tensions between the two largest economies in the world have intensified since Trump announced New 145% tariffs on Chinese productsin response to what he described as unfair commercial practices.
China, meanwhile, imposed 125% tariffs to Imports from the US. UU.
Trump insists that “everything is active”
On April 23, the United States president said his country is looking for a “Fair agreement with China” And, being questioned about possible conversations, he replied: “Everything is active”
These statements were rejected by China’s Ministry of Foreign Affairs. His spokesman, Guo Jiakun, said There have been no consultations or negotiationsmuch less agreements, between both governments.
The denial of the Chinese government adds to what is expressed by Scott Besent, secretary of the US Treasury. Conversations “have not yet begun”.
“I think that Both parties are waiting to talk to the other”He said during the spring meetings of the International Monetary Fund (IMF) and the World Bank in Washington.
IMF alert for commercial tensions
He IMF cut its global growth projectionsattributing it to the rapid escalation of tariff conflicts and political uncertainty.
Also adjusted to the decline its forecast for China’s economic growth, placing it in a 4.0 %below the official objective of Beijing, close to 5.0 %.
Although Chinese exports reached a record in 2024, analysts estimate that the impact of new tariffs could force the Chinese government to diversify its sources of growth.