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Chinese officials urge Chinese firms in the U.S. to avoid price wars to reduce trade tensions.
Chinese officials, including Commerce Minister Wang Wentao, have urged Chinese companies in the U.S. to avoid aggressive price-cutting strategies to prevent trade tensions and maintain stable economic relations.
Speaking in New York during meetings with executives from e-commerce, pharmaceuticals, and telecommunications sectors, Wang emphasized restraint in competition and warned against destructive discounting that harms profit margins.
The guidance comes amid concerns over market disruption from firms like Temu and Shein, which gained popularity through low prices, and follows the Trump administration’s end of the duty-free threshold for low-value imports.
Beijing is also managing overcapacity in industries like electric vehicles and solar cells.
While recent consultations have been described as positive, China continues to push for fair treatment of its firms in the U.S. market, signaling a desire for orderly, sustainable cooperation despite ongoing trade challenges.
Los funcionarios chinos instan a las empresas chinas en los Estados Unidos a evitar guerras de precios para reducir las tensiones comerciales.