00:00China warns the Trump administration today not to reignite trade tensions by re-imposing tariffs on Chinese goods next month.
00:09It also threatens to retaliate against countries that align with the US to exclude China from the global supply chains.
00:17In June, Washington and Beijing reached a tentative trade framework, easing tensions but with many details still unclear,
00:25keeping traders and investors on both sides of the Pacific guessing.
00:30China, which faced tariffs exceeding 100 percent, has until August 12 to negotiate with the White House
00:36to avoid renewed import restrictions imposed from earlier tariff exchanges.
00:41The official People's Daily has stated in a commentary that dialogue and cooperation are the only correct path,
00:48referring to the ongoing China-US trade tensions.
00:51According to the Peterson Institute for International Economics,
00:55The average US tariff on Chinese exports now stands at 51.1 percent,
01:00while China's average tariff on US goods is 32.6 percent, covering nearly all bilateral trade.
01:07The average US trade tensions with the US trade tensions with the US trade tensions with the US trade tensions.
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