00:00China says it wants to bring commercial ties with the U.S. back to a healthy state.
00:05Commerce Minister Wang Wento adds that recent talks in Europe show there is no need for a continued tariff war.
00:13He added that Beijing would continue to strengthen dialogue and communication with Washington to put economic and trade relations back on track.
00:22Wang reiterated that while China is not afraid of a trade war, it does not want one to happen.
00:28China faces an August 12 deadline to reach a tariff agreement with the U.S.
00:33after both sides struck a deal last month to end weeks of escalating tariffs.
00:39Failure to meet that deadline could see global supply chains hit with duties exceeding 100%.
00:45Meanwhile, according to customs data, China's rare-earth exports rose 32% month-on-month in June,
00:52a sign that agreements made last month in London to free up metal flows may be starting to pay off.
Comments