China’s Foreign Minister Wang Yi emphasized that the country will persist in engaging with the U.S. amid rising trade tensions. The U.S. has imposed tariffs, leading to China’s reciprocal measures, sparking fears of a trade war. Wang highlighted China’s resilience and advancements in technology, including the recent development of the AI application DeepSeek.
China’s Foreign Minister, Wang Yi, stated that the nation will continue to engage with the United States amidst ongoing trade tensions, responding to the latest tariffs imposed by President Trump. Following a 10% tariff on all Chinese goods, China retaliated with up to 15% duties on certain U.S. imports. This escalation has led to renewed concerns regarding a potential trade war between the two largest economies in the world.
Moreover, the Biden administration has enacted additional restrictions on high-tech exports to China, aiming to prevent its firms from developing advanced technological capabilities that could serve military purposes. Despite these challenges, Wang conveyed a sense of resilience, attributing China’s past progress to its ability to surmount obstacles.
Wang referenced various Chinese proverbs, including a line from the I Ching, emphasizing strength and perseverance in the face of adversity. He expressed confidence in China’s technological advancements, highlighting the emergence of DeepSeek, a new AI application designed to compete with established U.S. platforms such as ChatGPT.
Wang’s remarks were made during a conference in Munich, attended by U.S. Vice President JD Vance, underscoring the importance of international dialogue concerning trade and technology. Despite the sanctions and tariffs, his message was one of steadfastness and the intention to maintain open lines of communication with the United States.
In summary, China remains committed to engaging with the United States despite escalating trade tensions and imposed tariffs. While the Biden administration intensifies restrictions on technology sales, China aims to bolster its technological prowess through innovation. Wang Yi’s remarks convey a determination to overcome challenges while highlighting the significance of cooperation between the two nations.
Original Source: m.economictimes.com
