China Says Both U.S., China Should Make Compromises in Trade Talks

• 06.24.2019, 10:39
•  America,  Asia,  World

The Business of Fashion

Both China and the United States should make compromises in trade talks, Chinese Vice Commerce Minister Wang Shouwen said on Monday, ahead of a much anticipated meeting between the Chinese and U.S. presidents at this week’s G20 summit in Japan, Reuters reports. 

Speaking at a news briefing on the G20 summit, Wang, who is also part of the trade negotiating team with the United States, said talks between the two countries’ trade teams were underway, though he gave no details.

China’s principles are clear, he said - mutual respect, equality and mutual benefit and meeting each other halfway.

“Mutual respect means each side must respect the other’s sovereignty,” Wang said.

“Meeting each other half way means both sides have to compromise and make concessions, not just one side.”