BEIJING, March 26. /TASS/. Beijing is willing to cooperate with Washington basing on the principles of equality and mutual respect, Chinese Foreign Minister Wang Yi said at a meeting in China's capital with Evan Greenberg, executive vice chair of the National Committee on United States-China Relations.
"China is ready to engage in dialogue and negotiations with the United States on the basis of equality and mutual respect to address each other's legitimate concerns," Wang Yi said, as quoted by the Chinese Foreign Ministry.
He noted that Sino-US relations are currently at a critical stage of development. "Both sides should be guided by the important consensus and the two leaders' vision, strengthen exchanges, improve mutual understanding, avoid misjudgments, and resolve differences," the foreign minister emphasized. He added that China and the US share vast interests and ample space for cooperation, with the potential to achieve success and bring benefits to the world.
The National Committee on United States-China Relations (NCUSCR) was founded in the US in 1966 by a group of "China observers" from the civil, religious, and business communities. The organization is a non-profit educational institution focused on improving understanding between the citizens of both countries.
Trade and economic relations between China and the US have deteriorated since Donald Trump returned to the White House. The American president decided to increase tariffs on Chinese goods from 10% to 20%. In response, China imposed targeted retaliatory duties on energy resources, cars with multi-liter engines, agricultural machinery, and other goods from the US.