History shows cooperation best policy

US President Donald Trump has announced additional tariffs on another $200 billion worth of Chinese products, initially set at a level of 10 percent starting Sept 24, 2018, which will then rise to 25 percent on January 1, 2019, and thus further escalate the US-China trade conflict. Till date, the total amount of Chinese goods subject to additional tariffs has reached $250 billion - accounting for 49.4 percent of China's total exports to the United States in 2017.

At this critical moment of intensifying trade tensions between China and the United States, I, as chairman of the China General Chamber of Commerce - USA, the largest non-profit organization representing more than 1,500 Chinese enterprises with established presence and investments in the US, strongly urge the US administration to be prudent and practical in its decisions on trade and cherish the hard-won gains made since the establishment of diplomatic relations between China and the US.

Trump should look to the future and make responsible decisions that benefit the people of both countries and stabilize the world economy. The CGCC strongly urges the Trump administration to de-escalate the trade conflict and return to a principled policy of cooperation and development.