China’s ambassador to the US, Xie Feng, has called for an end to trade wars and expanded bilateral trade cooperation. The proposal comes during a period of diplomatic recalibration, with both nations attempting to walk back from a tariff war that rattled global markets for much of the past year.
Bilateral trade between the US and China exceeded $680 billion in 2024.
The trade war backdrop
In May 2025, the two sides agreed to reduce certain tariffs by 115% for an initial 90-day period, while maintaining a baseline reciprocal tariff of 10%.
That agreement followed a summit between Chinese President Xi Jinping and US President Donald Trump, which produced what officials characterized as a trade truce. Ongoing economic consultations were established as part of the arrangement.
