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China urges revival of talks to mend US trade relations amid ongoing tensions

( July 18, 2025, 07:20 GMT | Official Statement) -- MLex Summary: China has called for using the China-US economic and trade consultation mechanism to restore bilateral relations, despite what minister of commerce Wang Wentao described as repeated US provocations since 2018, including various tariffs and decoupling measures. Wang said in a press conference today that despite these actions, the two economies remained significant trading and investment partners — with 2024 trade reaching $688.3 billion in goods and $155.8 billion in services — and stressed that mutual benefit and cooperation are essential. He affirmed that dialogue is the best way to resolve inevitable differences while upholding national interests and advocating international fairness and justice.An excerpt of the transcript follows:...

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