Sound trade policy a boon for US

Former US president Donald Trump has won the presidential election and will be sworn in as the 47th US president on Jan 20. President Xi Jinping on Thursday extended congratulations to Donald Trump on his election as president of the United States.

Xi urged the two countries to find the right way to get along in the new era, so as to benefit both countries and the wider world. The statements made by the Chinese leader indicate the correct path that the world's two largest economies should follow. Hopefully, both the current US president and the president-elect will take heed of such suggestions.

In particular, the US has imposed tariffs on more than $300 billion worth of Chinese goods since 2018. It's a big concern that during the election campaign, Trump threatened to impose 60 percent tariffs on imports from China (worth about $427 billion in 2023) and 10 percent tariffs on all imports (worth more than $3 trillion).