China’s commerce minister, Wang Wentao, has criticized tough US trade curbs. He says they hurt China’s economy and spoil talks between the two countries. This came up in a chat with Apple boss Tim Cook.
The curbs started right after meetings in Madrid in September. Wang calls them “heavy-handed.” They make business unstable for firms in both nations.
Why These Measures Hurt Ties
US rules limit tech sales and investments to China. They block key parts and tools. This hits supply chains hard. Companies like Apple rely on Chinese factories. Delays raise costs and slow innovation.
Wang told Cook these steps cause “big swings” in US-China trade. They undo progress from past talks. Without fixes, more firms may suffer lost sales and jobs.
Push for Fair Talks
Wang urged the US to team up with China. “Work together on equal terms,” he said. Use talks to solve problems. This would give businesses clear rules and safe bets for growth.
Equal talks could cover fair play on patents and markets. It might ease tariffs and open doors. Both sides win from steady trade worth billions yearly.
What It Means for Global Business
Tech giants face tough choices. They may shift some work to other countries. But full splits are hard and costly. China’s response could include its own limits on exports.
Cook likely shared Apple’s views. The firm wants smooth operations in China. Outcomes may shape how others handle risks.
Steps to Better Relations
Set up joint teams on trade issues. Share data on supply needs. Cut red tape for travelers. Focus on green tech and AI rules.
Leaders must choose chat over fights. This builds trust and boosts world growth. Firms wait for signs of thaw.
In short, Wang’s words highlight urgency. Fair deals can fix tensions and help everyone.
