Chinese Commerce Minister Wang Wentao urged expanded communication channels and continued commercial cooperation between China and the U.S. despite global uncertainties during a meeting with a delegation of the U.S.-China Business Council (USCBC) on Monday.
During the talks, Wang said that China hopes U.S. companies investing in the country will share issues they encounter while operating in the Chinese market.
"Today, I'd like to hear your thoughts on the next steps for China-U.S. economic and trade relations, as well as the issues, suggestions, and requests you have as companies investing here," he said.
As global supply chains shift and geopolitical tensions persist, the U.S. business community is calling for predictable policies and open channels of communication, according to the business leaders attending the meeting.
"Consistent pragmatic communication between Washington and Beijing remains essential, and it provides businesses in both countries with the clarity and the confidence needed to operate effectively and compete fairly and plan for sustainable growth," said Rajesh Subramaniam, chair of the USCBC and CEO of FedEx Corporation.
"So we don't believe that anyone ever wins trade wars. So, what we consistently advocated for all parties is to avoid escalatory actions. We also think that it's very important to have transparent and readily accessible tariff exemption mechanisms," said Sean Stein, president of the USCBC.
Calling the delegates "old friends," the Chinese commerce minister said China remains confident in the trajectory of China-U.S. economic ties, describing the relationship as "dynamically stable."
China's commerce minister meets U.S. business leaders, urges deeper cooperation
