A significant reduction in tariffs between China and the United States will bolster bilateral trade growth and support global economic recovery, according to Fu Linghui, a spokesperson for China's National Bureau of Statistics (NBS). The remarks, made during a press conference on Monday, underscore China's commitment to fostering international cooperation amid rising protectionism.
Fu acknowledged the current global economic landscape remains “complex and severe,” citing unilateralist policies and trade barriers that threaten the multilateral trading system. However, he emphasized that collaborative efforts for mutual benefit remain an irreversible trend. “China will steadfastly expand its opening-up policies and advance the diversification of foreign trade,” Fu stated, adding that recent measures to stabilize trade are already showing positive results.
The comments come as global markets seek clarity on efforts to ease Sino-U.S. trade tensions, which have impacted supply chains and investment flows across Asia. Analysts suggest tariff reductions could reinvigorate sectors ranging from manufacturing to technology, offering new opportunities for businesses and investors.
As the world's two largest economies navigate economic headwinds, Fu's remarks highlight China's role in promoting stability through open markets—a development closely watched by governments, businesses, and diaspora communities worldwide.
