China wants to bring its trade ties with the U.S. back to a stable footing, its commerce minister said, adding that recent talks in Europe showed there was no need for a tariff war while urging the U.

E.U. leaders are in Beijing to mark 50 years of diplomatic relations with China, but they have major disagreements over trade and Russia’s war against Ukraine.

Half a century after the establishment of relations between China and the EU, and against a backdrop of deteriorating transatlantic relations, the European Union and China held their 25th summit in Beijing.

In a tense showdown at a recent international forum, the United States and China once again found themselves at odds over trade policies, highlighting the deep-seated economic rivalry between the world’s two largest economies.

President Donald Trump says a trip to China may happen soon, hinting at efforts to stabilize U.S.-China trade relations.

BEIJING (Reuters) -China wants to bring commercial ties with the United States back to a state of healthy and sustainable development, Commerce Minister Wang Wentao said on Friday, calling on the U.S.

China is seeking to maintain stable relations with the European Union. The efforts are believed to be part of its strategy to prepare for a prolonged confrontation with Washington, as the United States ramps up pressure on its trading partners.

As President Donald Trump dismantles U.S. soft power and launches trade wars with allies, China is content to sit back and watch.

President Trump has hinted at a forthcoming visit to China to potentially reset US-China relations. A summit with President Xi Jinping is anticipated to stabilize the turbulent relationship marked by past trade disputes.

Chinese leader Xi Jinping urged the European Union to make “the right strategic choice” and enhance cooperation with China, while EU leaders called for a rebalancing of trade ties, as the two sides tackle deep-seated grievances at a tense summit in Beijing.