China foreign ministry: US should take responsible policy, measures to maintain stability of international financial, economic system

China foreign ministry: US should take responsible policy, measures to maintain stability of international financial, economic system

On May 19, 2025, the Chinese Foreign Ministry issued a statement urging the United States to adopt responsible policies and measures to maintain the stability of the international financial and economic system. This call comes amidst ongoing trade tensions and recent developments in U.S.-China trade relations.

The statement, released by the Chinese Foreign Ministry, emphasizes the need for a stable and predictable international trade environment. It highlights that the recent reduction in tariffs between the United States and China, while a step in the right direction, is not sufficient to address the long-term economic challenges posed by the trade war. The ministry underscores that the temporary nature of the tariff rollback creates uncertainty, which can negatively impact global economic growth and investment [1].

The Chinese Foreign Ministry also expressed concern over the impact of U.S. trade policies on global supply chains and the broader international economy. It pointed out that the ongoing trade tensions have disrupted supply chains, increased costs for businesses and consumers, and weakened U.S. credibility with allies. The ministry stressed that a more consistent and predictable trade policy is essential for maintaining global economic stability and growth [1].

The statement also noted the importance of multilateral cooperation in addressing global economic challenges. The Chinese Foreign Ministry called for the United States to engage in constructive dialogue with its trading partners and work towards a more stable and predictable international trade environment. It emphasized that responsible trade policies are crucial for maintaining the stability of the global financial system and promoting economic growth [1].

In response to the Chinese Foreign Ministry's statement, the U.S. administration has not yet issued a formal response. However, analysts have noted that the administration's recent actions, such as the temporary rollback of tariffs, indicate a willingness to engage in dialogue and find a more stable solution to the trade tensions.

The ongoing trade tensions between the United States and China have significant implications for the global economy. The uncertainty and unpredictability of U.S. trade policies have created challenges for businesses and investors worldwide. The Chinese Foreign Ministry's call for responsible policies and measures is a reminder of the importance of stable and predictable trade relations for the health of the global economy.

References:

[1] https://www.csis.org/analysis/understanding-temporary-de-escalation-us-china-trade-war