China’s Commerce Minister Wang Wentao said China wants to restore stable trade ties with the US, stressing there is no need for a tariff war and urging Washington to act responsibly as a major power. Talks in Geneva and London showed differences can be resolved through high-level dialogue. A final tariff deal must be reached by August 12 to avoid renewed duties exceeding 100%, which could disrupt global supply chains. Wang emphasised economic interdependence, adding that “China does not want a trade war, but it is not afraid of one.” China’s rare earth exports rose 32% in June amid easing tensions. Conclusion: What the minister wants is for Trump to behave responsibly.
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