China: Relations at Important Juncture 03/24 06:01

   China's Premier Li Qiang said Sunday that Beijing and Washington should 
choose dialogue instead of confrontation, as the two countries are locked in 
rising friction over trade tariffs and efforts to combat illegal fentanyl trade.

   BEIJING (AP) -- China's Premier Li Qiang said Sunday that Beijing and 
Washington should choose dialogue instead of confrontation, as the two 
countries are locked in rising friction over trade tariffs and efforts to 
combat illegal fentanyl trade.

   Li was speaking during a meeting with U.S. Senator Steve Daines, a strong 
supporter of President Donald Trump, who is the first member of Congress to 
visit Beijing since Trump took office in January. The meeting also involved the 
leaders of several American businesses, including FedEx Corp. CEO Raj 
Subramaniam, Boeing Co.'s senior vice president Brendan Nelson, Qualcomm's CEO 
Cristiano Amon and Pfizer's CEO Albert Bourla.

   Li said relations between the countries "have come to an important juncture" 
and Chinese President Xi Jinping noted the two countries could become partners 
and friends that contribute to each other's success during a call with Trump in 
January.

   "Our two sides need to choose dialogue over confrontation, win-win 
cooperation over zero-sum competition," he said.

   China hoped that the U.S. would work together to promote the steady and 
sustainable development of the China-U.S. relations, he added.

   China's official Xinhua news agency reported Li also said there's no winner 
in a trade war. He said China welcomes foreign companies, including those from 
the U.S., to share development opportunities in the country. It will work to 
resolve reasonable demands of businesses and treat domestic and foreign firms 
equally, the report quoted him saying.

   During the first Trump administration, Daines served as a go-between when 
tariffs were also a major issue. Ahead of the trip to China, his office said he 
is coordinating closely with the White House and will be "carrying President 
Trump's America First agenda."

   Since he arrived in the Chinese capital on Thursday, he has talked with 
Chinese Vice Premier He Lifeng to voice Trump's ongoing call for Beijing to 
stop the flow of fentanyl precursors from China. Additionally, he met with Vice 
Foreign Minister Ma Zhaoxu.

   Just months into Trump's second term, relations between the world's two 
largest economies have deteriorated. Washington slapped 20% tariffs on Chinese 
imports, with Beijing hitting back with 15% duties on U.S. farm goods.

   Trump is planning to impose "reciprocal" tariffs by increasing U.S. duties 
to match the tax rates that other countries charge on imports "for purposes of 
fairness." These reciprocal tariffs are expected to be announced on April 2.

   Earlier Sunday, Li said at the China Development Forum that his country may 
see unexpected shocks, mainly from external factors. He said the government, 
when necessary, will introduce new policies to ensure the local economy runs 
smoothly. The forum is a government-sponsored event that invites senior 
officials and business leaders, including top executives from outside China.

   Facing rising economic fragmentation and instability, Li said it has become 
even more crucial for every country to open up its markets, calling for 
entrepreneurs to help maintain economic globalization proactively.

   "We are not against competition, but we should advocate for fair competition 
under internationally recognized rules, rather than zero-sum games or 
deliberate suppression of vicious competition by other countries," he said.

   The U.S. has also criticized China for not doing enough to stop the export 
of precursor materials for fentanyl, a highly potent opiate blamed for tens of 
thousands of deaths in the U.S.

   Beijing responded with a report detailing its efforts to control the illegal 
trade in fentanyl, specifically the ingredients for the opioid that are made in 
China. The report said China is committed to cooperation but opposes the U.S. 
imposition of unreasonable pressure on China on the pretext of responding to 
fentanyl-related issues.