The United States and China have agreed that trade disputes between the two countries should be resolved through joint negotiations and talks, Chinese media reported Tuesday, adding that the behavior of the two countries is identical with regard to joint trade negotiations.
China’s Foreign Ministry said in a press statement on Tuesday that the US statement on the partial trade agreement was correct and that there was no disagreement between the United States and China on the trade deal.
Trade tensions between the United States and China have escalated on the back of mutual tariffs, raising global concerns about a trade war between the world’s two most powerful economies, which will have a negative impact on global economic growth.