China says successful US trade talks avoid tariff war return
He urged the US to act responsibly as a superpower while emphasizing China's readiness to protect its interests.
Wang highlighted the economic interdependence between the two nations, stating, 'Major countries should act like major countries.
They must shoulder their responsibilities.' He added that dialogue and high-level communication have proven effective in resolving disputes.
China faces an August 12 deadline to finalize a lasting tariff agreement with the US. Failure to reach a deal risks renewed supply chain disruptions, with potential tariffs exceeding 100%.
Wang noted that negotiations in Geneva and London earlier this year showed progress, making further trade conflicts avoidable.
'Practice has proven that through dialogue and consultation, with leadership and communication at the highest levels, we can properly manage contradictions and resolve our differences,' he said.
Recent data showed China's rare earth exports rose 32% month-on-month in June, suggesting easing trade restrictions.
Additionally, Nvidia's decision to resume H20 AI chip sales to China reflects ongoing cooperation, as noted by US Commerce Secretary Howard Lutnick.
Wang described his meeting with Nvidia CEO Jensen Huang as evidence that forced economic decoupling is unrealistic.
'As the dust settles, everyone has come to the conclusion - especially the US side - that forced decoupling is impossible,' he said.
Despite progress, US tariffs on Chinese goods remain high at 53.6%, with analysts warning that additional duties above 35% could severely impact Chinese manufacturers.
Wang stressed mutual reliance, stating, 'Both sides have come to understand that they need each other.'
'China does not want a trade war, but it is not afraid of one,' he reiterated. - Reuters
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
14 minutes ago
- The Star
Perplexity in talks with phone makers to pre-install Comet AI mobile browser on devices
FILE PHOTO: Perplexity AI logo is seen in this illustration taken January 4, 2024. REUTERS/Dado Ruvic/Illustration/ File Photo (Reuters) -Nvidia-backed Perplexity AI, the startup challenging Google with its AI-powered search engine, is in discussions with mobile device makers to pre-install its new Comet browser on smartphones, CEO Aravind Srinivas told Reuters on Friday. The move could significantly boost Perplexity's reach by capitalizing on browser "stickiness", where users tend to stick with browser apps that are pre-installed or set as default on their devices, potentially driving habitual use of the company's AI tools. "It's not easy to convince mobile OEMs to change the default browser to Comet from Chrome," Srinivas said, referring to original equipment manufacturers andhighlighting the challenge of user inertia on mobile platforms. Comet, currently in beta and available only on desktops, integrates Perplexity's AI directly into web browsing, allowing users to ask questions about personal data like emails, calendars, or browsing history, and even perform tasks such as scheduling meetings or summarizing webpages. Perplexity aims to target "tens to hundreds of millions" of users next year after stabilizing the desktop version for a few hundred thousand initial testers, Srinivas said. Its efforts reflect a broader industry shifttoward browsers with agentic AI capabilities, ones that need minimal human intervention to make decisions and achieve specific tasks. Reuters reported earlier this month that OpenAI is developing its own agentic AI browser, which could automate complex tasks such as booking travel or managing finances. As of last month, Google's Chrome had a market share of about 70% in mobile devices, while Apple's Safari and Samsung's browsers together commanding another 24%, according to Statcounter data. Bloomberg News reported in June that Perplexity was in talks with Samsung Electronics and Apple to integrate its AI search capabilities into their devices, potentially enhancing assistants like Bixby or Siri. Perplexity has completed a $500 million investment round, which valued it at $14 billion earlier this year. Its investors include Accel, Nvidia, Jeff Bezos and former Google CEO Eric Schmidt. (Reporting by Akash Sriram in Bengaluru; Editing by Shilpi Majumdar)
The Sun
14 minutes ago
- The Sun
Microsoft to stop using engineers in China for tech support of US military
SAN FRANCISCO: Microsoft on Friday said it will stop using China-based engineers to provide technical assistance to the U.S. military after a report in investigative journalism outlet ProPublica sparked questions from a U.S. senator and prompted Defense Secretary Pete Hegseth to order a two-week review of Pentagon cloud deals. The report detailed Microsoft's use of Chinese engineers to work on U.S. military cloud computing systems under the supervision of U.S. 'digital escorts' hired through subcontractors who have security clearances but often lacked the technical skills to assess whether the work of the Chinese engineers posed a cybersecurity threat. Microsoft, a major contractor to the U.S. government, has had its systems breached by Chinese and Russian hackers. It told ProPublica it disclosed its practices to the U.S. government during an authorization process. On Friday, Microsoft spokesperson Frank Shaw said on social media website X the company changed how it supports U.S. government customers 'in response to concerns raised earlier this week ... to assure that no China-based engineering teams are providing technical assistance' for services used by the Pentagon. Earlier on Friday, Senator Tom Cotton, an Arkansas Republican who chairs the chamber's intelligence committee and also serves on its armed services committee, sent a letter to Defense Secretary Pete Hegseth about Microsoft's reported practices. Cotton asked the U.S. military for a list of contractors that use Chinese personnel and more information on how U.S. 'digital escorts' are trained to detect suspicious activity. 'The U.S. government recognizes that China's cyber capabilities pose one of the most aggressive and dangerous threats to the United States, as evidenced by infiltration of our critical infrastructure, telecommunications networks, and supply chains,' Cotton wrote in the letter. The U.S. military 'must guard against all potential threats within its supply chain, including those from subcontractors,' he wrote. In a video posted on X on Friday, Hegseth said he was initiating a two-week review to ensure China-based engineers were not working on any other cloud services contracts across the Defense Department. 'I'm announcing that China will no longer have any involvement whatsoever in our cloud services, effective immediately,' Hegseth said in the video. 'We will continue to monitor and counter all threats to our military infrastructure and online networks.' - Reuters
The Sun
14 minutes ago
- The Sun
Microsoft to stop using engineers in China for tech support of US military, Hegseth orders review
SAN FRANCISCO: Microsoft on Friday said it will stop using China-based engineers to provide technical assistance to the U.S. military after a report in investigative journalism outlet ProPublica sparked questions from a U.S. senator and prompted Defense Secretary Pete Hegseth to order a two-week review of Pentagon cloud deals. The report detailed Microsoft's use of Chinese engineers to work on U.S. military cloud computing systems under the supervision of U.S. 'digital escorts' hired through subcontractors who have security clearances but often lacked the technical skills to assess whether the work of the Chinese engineers posed a cybersecurity threat. Microsoft, a major contractor to the U.S. government, has had its systems breached by Chinese and Russian hackers. It told ProPublica it disclosed its practices to the U.S. government during an authorization process. On Friday, Microsoft spokesperson Frank Shaw said on social media website X the company changed how it supports U.S. government customers 'in response to concerns raised earlier this week ... to assure that no China-based engineering teams are providing technical assistance' for services used by the Pentagon. Earlier on Friday, Senator Tom Cotton, an Arkansas Republican who chairs the chamber's intelligence committee and also serves on its armed services committee, sent a letter to Defense Secretary Pete Hegseth about Microsoft's reported practices. Cotton asked the U.S. military for a list of contractors that use Chinese personnel and more information on how U.S. 'digital escorts' are trained to detect suspicious activity. 'The U.S. government recognizes that China's cyber capabilities pose one of the most aggressive and dangerous threats to the United States, as evidenced by infiltration of our critical infrastructure, telecommunications networks, and supply chains,' Cotton wrote in the letter. The U.S. military 'must guard against all potential threats within its supply chain, including those from subcontractors,' he wrote. In a video posted on X on Friday, Hegseth said he was initiating a two-week review to ensure China-based engineers were not working on any other cloud services contracts across the Defense Department. 'I'm announcing that China will no longer have any involvement whatsoever in our cloud services, effective immediately,' Hegseth said in the video. 'We will continue to monitor and counter all threats to our military infrastructure and online networks.' - Reuters
