{"id":14785,"date":"2025-04-16T09:05:48","date_gmt":"2025-04-16T09:05:48","guid":{"rendered":"https:\/\/topat10.com\/?p=14785"},"modified":"2025-04-16T09:05:48","modified_gmt":"2025-04-16T09:05:48","slug":"china-names-new-trade-negotiator-who-supports-free-trade-as-it-gears-up-for-trade-war-with-u-s","status":"publish","type":"post","link":"https:\/\/topat10.com\/?p=14785","title":{"rendered":"China names new trade negotiator who \u2018supports free trade\u2019 as it gears up for trade war with U.S."},"content":{"rendered":"\n

China appointed a new trade negotiator Wednesday in the midst of its\u00a0tariff fight<\/a>\u00a0with the U.S.<\/p>\n

The government said Li Chenggang replaces Wang Shouwen, who participated in negotiations for the 2020 trade deal between the China and the U.S.<\/p>\n

The world\u2019s two largest economies have been steadily increasing tariffs<\/a> on each other\u2019s goods. China faces 145% taxes on exports to the U.S., while dozens of other countries were given a 90-day reprieve for most duties.<\/p>\n

Earlier on Wednesday, China announced its economy expanded at a 5.4% annual pace<\/a> in January-March, supported by strong exports. Analysts are forecasting that the world\u2019s second largest economy will slow significantly in coming months, however, as tariffs on U.S. imports from China take effect.<\/p>\n

Exports were a strong factor in China\u2019s 5% annual growth rate in 2024, and the official target for this year is also about 5%.<\/p>\n

Beijing has hit back at the U.S. with 125% tariffs on American exports, while also stressing its determination to keep its own markets open to trade and investment.<\/p>\n

In the near term, the tariffs will put pressure on China\u2019s economy, but they won\u2019t derail long-run growth, Sheng Laiyun, a spokesperson for the National Bureau of Statistics, told reporters earlier.<\/p>\n

It wasn’t clear why China was changing negotiators but the change comes as Chinese officials say the country has multiple options to respond to U.S. actions, including relying more on its own vast market of 1.4 billion consumers, and on Europe and countries in the global south. But as China\u2019s domestic consumption continues to languish, it will be difficult to replace the U.S. consumer.<\/p>\n

China also imposed more export controls<\/a> on rare earths, which include materials used in high-tech products, aerospace manufacturing and the defense sector.<\/p>\n

Prior to his new appointment, Li spent about 4 1\/2 years as China’s ambassador to the World Trade Organization, the body that governs global commerce and to which Beijing has appealed in its tariff dispute with the U.S.<\/p>\n

He was also deputy permanent representative to the Chinese delegation to the U.N. office in Geneva and other international organizations in Switzerland.<\/p>\n

Perhaps more so than his predecessor Wang, Li’s experience at the Commerce Ministry and his participation in negotiating China’s accession to the WTO more than 20 years ago stand him in good steed as China continues to refuse to cave in to U.S. demands, said Tu Xinquan, director of the China Institute for WTO Studies at the University of International Business and Economics.<\/p>\n

Still, a bevy of higher-ranking leaders from President Xi Jinping on down is likely to chart the course, with Li representing their case in any talks with the U.S., Tu said, adding that Li is considered pro-free trade.<\/p>\n

“There might be another style of negotiations. Li Chenggang is an open-minded person and supports free trade,\u201d Tu said.<\/p>\n

Xi, meanwhile, was making the case for China as a source of \u201cstability and certainty\u201d in global free trade as he tours Southeast Asia this week<\/a> \u2014 implying that China is a more reliable trade partner than the U.S.<\/p>\n

After first visiting Vietnam, he arrived in Kuala Lumpur, Malaysia\u2019s capital, later Tuesday, for a three-day visit and will end his tour with a stop in Cambodia. In Malaysia, Xi is expected to discuss a free trade agreement between China and 10-member Association of Southeast Asian Nation, one of several funds and agreements China has led as a means of sidestepping organizations and mechanisms dominated by the U.S. and the West.<\/p>\n

This story was originally featured on Fortune.com<\/a><\/p>\n\n","protected":false},"excerpt":{"rendered":"

China appointed a new trade negotiator Wednesday in the midst of its\u00a0tariff fight\u00a0with the U.S. The government said Li Chenggang replaces Wang Shouwen, who participated in negotiations for the 2020 trade deal between the China and the U.S. The world\u2019s two largest economies have been steadily increasing tariffs on each other\u2019s goods. China faces 145% taxes on […]<\/p>\n","protected":false},"author":754,"featured_media":14786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[123],"tags":[],"class_list":["post-14785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nChina names new trade negotiator who \u2018supports free trade\u2019 as it gears up for trade war with U.S. | Unlock Informed Choices with Us<\/title>\n<meta name=\"description\" content=\"The world\u2019s two largest economies have been\u00a0steadily increasing tariffs\u00a0on each other\u2019s goods.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/topat10.com\/?p=14785\" \/>\n<meta property=\"og:locale\" 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China faces 145% taxes on…","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/posts\/14785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/users\/754"}],"replies":[{"embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14785"}],"version-history":[{"count":0,"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/posts\/14785\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/media\/14786"}],"wp:attachment":[{"href":"https:\/\/topat10.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}