Beijing said on Tuesday that China and the United States should work together to implement their phase 1 trade agreement based on the principle of equality and mutual respect, a spokesman for the Chinese State Department said on Tuesday.
This is the result of comments from US President Donald Trump, who said in a press conference on Monday that he was considering ending the pact signed in January.
"The conclusion of the phase 1 trade agreement between China and the United States serves the interests of China, the United States and the world. Both sides should work together to implement the agreement on the principle of equality and mutual respect," said the Chinese spokesman State Department, Zhao Lijian said in an official statement.
"The heads of the Chinese and US trade advisory teams had a phone call on May 8, agreeing to work to create an atmosphere and conditions for the implementation of the Phase 1 trade agreement and to seek further progress," he added.
China released a new list of U.S. products exempt from the second round of additional tariffs on Tuesday.
During a press conference, the US president said China wanted to renegotiate the trade agreement with the United States, but was not interested.
"I heard that too – they want to reopen the trade talk to make it better business for them," Trump said when asked to comment on Chinese media reports on the issue. "I don't care. Let's see if they live up to the deal they signed."
Trump had also previously threatened to end the phase 1 trade agreement if China does not deliver on its promise to buy US goods and services worth $ 200 billion or more.
During a virtual city hall at the Lincoln Memorial in Washington on Sunday, Trump said that Chinese President Xi Jinping only approved the deal because of Washington-imposed tariffs, which are "at least the greatest negotiating tool we have ever developed," we never use ", reported the South China Morning Post.
"We'll have to see what's going on (with the purchases) because of what happened," Trump said.
"They took advantage of our country. Now they have to buy and if they don't buy, we will cancel the deal. Very simple. China does not want me to be elected," he added.
The Phase 1 agreement ended tariffs of approximately $ 155 billion on Chinese imports, which should come into force in late 2019, and halved tariffs on other goods worth $ 120 billion to 7.5 percent. However, 25 percent import taxes on Chinese products valued at $ 250 billion were retained.
In return, China promised to buy at least $ 200 billion more US goods and services than 2017, including around $ 40 billion in agricultural goods, over two years.
Many have speculated that China's ability to make purchases has been severely impacted by the coronavirus pandemic, which, after months of blocking the spread, curbed the country's first economic slowdown since 1987.
Since the onset of the corona virus pandemic, both the United States and China have been in conflict and tensions between them have increased.