00:00What I want to say is that Sino-US trade cooperation is mutually beneficial.
00:04China never deliberately pursues trade smoothness.
00:08Although there are differences and frictions between China and the US,
00:11the common interests of the two countries and the space for cooperation are huge.
00:14The two sides can strengthen dialogue and negotiation in this regard.
00:17We have repeatedly expressed our position on this issue.
00:20Sino-US trade cooperation is mutually beneficial.
00:25We think that if there are differences and frictions between the two sides,
00:28China should solve them through dialogue and negotiation.
00:31There is no winner in the trade war and the tariff war.
00:33It is not in the interest of either side and it is not in the interest of the world.
00:36I put tariffs on China.
00:38We took in hundreds of billions of dollars,
00:41and Biden was unable to end them because it was so much money.
00:45You couldn't do it in terms of the budget.
00:46He wanted to end them.
00:47He did everything he could to end them.
00:49He couldn't get it done.
00:51But we have one very big power over China,
00:56and that's tariffs.
00:58And they don't want them, and I'd rather not have to use it,
01:01but it's a tremendous power over China.
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