Two Sessions: China’s Commerce Minister Vows Stronger Support for Trade as U.S. Tariffs Escalate

‘China hasn’t put all its eggs in one basket, which shows our resilience in trade,’ says Wang Wentao

Wang Wentao, China’s Commerce Minister attends a news conference on the sidelines of the National People’s Congress in Beijing on March 6, 2024. Photo: Bloomberg

China will increase policy support for foreign trade and take further measures to stabilize exports, Commerce Minister Wang Wentao said Thursday, as tensions between Beijing and Washington escalate over new tariffs.

Speaking at the country’s annual legislative meetings, Wang said government agencies and local authorities have already begun implementing new policies to sustain trade growth. Some have introduced detailed regulations, while others have rolled out complementary measures.