China urges U.S. cooperation as Trump trade threat looms
Published On Nov 7, 2024, 3:28 AM
China has expressed a desire for improved cooperation with the United States following Donald Trump's recent electoral victory, emphasizing mutual respect and win-win scenarios. This comes amid concerns regarding the potential for increased U.S. tariffs and tech restrictions under Trump's potential second term. China's Ministry of Commerce indicated openness to resolving differences and advancing economic relations, echoing sentiments shared by President Xi Jinping.
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The remarks from China could mitigate fears of escalating trade tensions, especially liquidity and supply chain impacts that typically follow tariff announcements. This positive sentiment around cooperation may lead to short-term gains in sectors sensitive to trade policies.
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