Trump Open to Rational Tariff Talks with China, Says Vance

Vance urges Beijing to take a reasonable stance, while China’s Commerce Ministry calls for an end to U.S. tariff threats.

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Terms & Concepts
  • Tariffs: Taxes imposed on imported goods, typically used to protect domestic industries or exert economic leverage in trade negotiations.
  • Ministry of Commerce (China): The government body responsible for formulating and implementing trade policies, including managing China’s international economic relations.