President Xi Jinping of China has expressed a willingness to engage in dialogue with President-elect Donald Trump of the United States to mitigate trade disputes and avoid a potential trade war. In a communication to the U.S.-China Business Council this Thursday, Xi emphasized the importance of choosing “dialogue over confrontation, win-win cooperation over a zero-sum game.” He also reaffirmed his pledge to further open China’s market to foreign companies, including those from the U.S.
These comments from President Xi reflect his address on Tuesday to visiting leaders of major international economic organizations. During that meeting, he stressed that “there will be no winners in tariff wars, trade wars, technology wars,” as translated by CNBC from his Mandarin speech. Xi called on both countries to continue dialogue and effectively manage their differences.
This outreach comes at a time when the relationship between the two economic powerhouses is crucial, with concerns about a possible escalation in trade tensions. Xi’s commitment to open markets and his call for cooperation signal a possible path forward in U.S.-China economic relations as the new U.S. administration prepares to take office.
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