People's Daily Bell: The mutually beneficial and win-win nature of China-US economic and trade relations cannot be distorted

On April 10, the article said that China-US economic and trade relations are the result of the action of economic laws and have strong endogenous driving forces. Countries realize their own value, meet each other's needs and achieve common development through commodity exchange based on comparative advantages. This is the basic principle of international trade relations. China-US economic and trade cooperation brings huge economic benefits to both sides, and the United States benefits no less than China. The United States focuses on the trade deficit in goods and makes a big fuss, which distorts the real picture of China-US economic and trade relations. The balance of trade in goods between China and the United States is not only the inevitable result of the structural problems of the US economy, but also determined by the comparative advantages of the two countries and the pattern of international division of labor. It is also related to statistical methods. There are no winners in a trade war, and China is unwilling to fight a trade war. However, the Chinese government will never sit idly by while the legitimate rights and interests of the Chinese people are damaged and deprived. It will definitely continue to take strong countermeasures against the US's economic bullying. China always believes that it is normal for China and the US to have differences and frictions in economic and trade cooperation. The key is to respect each other's core interests and major concerns and properly resolve differences through equal dialogue. The US should work with China halfway, immediately lift unilateral tariff measures, strengthen dialogue, manage differences, and promote cooperation, so as to jointly promote the stable, healthy and sustainable development of China-US economic and trade relations.