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6/9, 9:40 AM (Source: TeleTrader)
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US removing tariffs on China benefits world - Beijing

Chinese Ministry of Commerce shared on Thursday that if the United States decided to remove its tariffs on Chinese goods, this would benefit not only the two countries but the whole world. The Ministry spokesperson Shu Jueting told reporters at the press conference that Beijing's stance on the issue "has been consistent and clear."

The comment comes after United States Treasury Secretary Janet Yellen remarked that Washington is looking at ways to reconfigure tariffs on Chinese goods in a way that would be "more strategic." Although tariff reconfiguration discussions seem to be underway, Yellen blamed China for unfair trade practices.

Meanwhile, China recorded a trade surplus of $78.8 billion in May, with exports jumping 16.9% on an annual basis.

Baha Breaking News (BBN) / AY