China and the United States agreed to hold a new round of economic and trade consultations, and the world's two largest economies sought to avoid a relational tariff conflict."The 18th news agency that on the same day, the China-US economic and trade leader, Deputy Prime Minister of the State Council, Ho Li Ping, with the US leader, U.S. Treasury Minister Bessent and Trade Representative Gril, held a video call, and the two sides held an important consensus around the implementation of the two countries' first historic conversation since this year, on important issues in bilateral economic and trade relations, had an honest, in-depth and constructive exchange, and agreed to hold a new round of Sino-US economic and trade consultations as soon as possible.

This call took place against the background of the recent escalation of Sino-US disputes on trade issues. U.S. Treasury Secretary Bescent said on social platforms that he had "frank and detailed discussions" with his Chinese counterparts on Sino-U.S. trade issues. A few days ago, the United States said that if China does not cancel the control measures related to rare earths, it will impose an additional 100% tariff on Chinese imports from November 1.

In an interview video released on Fox Business Channel on the 17th, when US President Trump was asked whether such high tariffs were sustainable and how they would affect the US economy, he replied: "It's not sustainable. It's right now. That's the number." Trump also said: "I think our relationship with China will be fine, but there must be a fair agreement."

In response to some US remarks, China's Ministry of Commerce spokesman Ho Zhang said on the 16th that China and the United States after the Madrid economic and trade talks, despite China's repeated deterrence, just over 20 days, the United States intensively introduced 20 measures of pressure against China, seriously damaging China's interests, undermining the atmosphere of economic and trade talks between the two sides.

CNN said Washington has taken a series of measures that have angered China counterparts. "China is strongly dissatisfied with a series of US practices and firmly opposes it. It is hoped that the United States will cherish the results of the economic and trade talks and immediately correct its wrong practices. China is willing to properly resolve their respective concerns with the United States through equal dialogue on the basis of mutual respect." He Yongqian said.

The international community pays close attention to the trend of Sino-US trade relations. Georgieva, president of the International Monetary Fund (IMF), recently expressed the hope that China and the United States will ease trade tensions and avoid the supply chain being affected, thus affecting economic growth. "People are still anxious because the performance of the world economy is lower than what we need, and the cloud of uncertainty still hangs over us, and this uncertainty has now become the new normal."

World Trade Organization (WTO) Director-General Iweala said in an interview with Reuters that the WTO is "extremely concerned" about the latest escalation of trade tensions between the United States and China, and has communicated with officials of both countries, urging both sides to strengthen dialogue.

¡°We sincerely hope that both sides can work together to ease tensions because any U.S.-China tension and U.S.-China ¡®disconnection¡¯ will not only affect the world¡¯s two largest economies, but also the rest of the world.¡±

After traveling to New York and Washington to attend the annual meetings of the International Monetary Fund and the World Bank Group, Chen Moobo, the head of the Hong Kong Department of Finance, said he found that there is a widespread belief in the United States that stable China-U.S. relations are not only beneficial to the two economic powers, but also crucial for the future of the global economy.

Chen said that in exchanges with business leaders and think tanks he found that people generally hope that China-US relations will remain stable and that regardless of how the world develops, mutual respect and mutually beneficial cooperation are always the objective criteria for successful development.¡± he said, ¡°In the face of differences, we must seek mutual understanding through communication and dialogue and actively seek maximum consensus.¡±