China’s Ministry of Foreign Affairs has fired back at U.S. claims that its trade ties are a "rip-off". Spokesperson Mao Ning explained that economic relations between the Chinese mainland and the U.S. are shaped by market forces, differing economic structures, and various trade policies. In her remarks, Mao pointed out that the real picture of trade shows how both sides benefit – with U.S. companies gaining from high-quality, affordable products and the economy at large reaping the rewards.
According to Mao, the robust trade ties have, in fact, created jobs and bolstered sectors such as transport, wholesale, retail, and e-commerce in the U.S. This dynamic exchange story challenges the notion of absolute reciprocity and emphasizes that a balanced trade relationship has evolved naturally over time. 😊
The spokesperson also underlined that demanding pure reciprocity ignores the complexity of trade, and that the U.S. trade deficit still remains high, hinting that the trade war ultimately harms the ones initiating it. With a call to end these counterproductive practices, her words offer a fresh perspective on global economic interactions that resonate with young professionals and curious minds around the world.
Reference(s):
China refutes U.S. economic 'rip off' claims, urges end to trade war
cgtn.com
