Wang noted that China’s total foreign trade including imports and exports reached 36 trillion yuan (nearly $5 trillion) in January-October, up about 5% from the same period of 2023.

Responding to a reporter's question about US President-elect Donald Trump's plan to impose 60% tariffs on imports from China, Vice Commerce Minister Wang Shouwen said that would "not solve the country’s own trade deficit problem". Wang said: "On the ...

Higher tariffs on Chinese exports will backfire, just increasing prices paid by consumers, while China can manage to weather the effects of such "external shocks," a senior Commerce Ministry official said Friday in Beijing.

A commerce official says that not only will U.S. tariff hikes backfire, but that China's economy would be able to weather the impact.