The U.S. is urged by China to cooperate as the threat of Trump's trade looms.

• A spokesperson from China's Ministry of Commerce stated on Thursday that the Chinese side is open to enhancing communication with the U.S., expanding cooperation, and resolving differences, all while respecting peaceful coexistence and pursuing win-win outcomes.
• She answered a query regarding China's stance and strategies in response to the possibility of increased US tariffs and limitations on advanced technology.
• During his first term, Donald Trump made Washington's stance on Beijing more firm. This year, while running for re-election, the president-elect warned of additional tariffs on Chinese products.

After it was revealed that President-elect Donald Trump would lead the White House, China emphasized the importance of increased cooperation with the U.S.

China is open to enhancing communication, expanding cooperation, and resolving differences with the U.S., as long as both sides respect each other, maintain peaceful coexistence, and work towards a win-win outcome, He Yongqian, spokesperson at China's Ministry of Commerce, stated on Thursday in Mandarin, as translated by CNBC.

She answered a query regarding China's stance and retaliatory strategies in response to the possibility of increased US tariffs and limitations on advanced technology.

The commerce spokesperson stated that by working together, we can steer China-U.S. economic and trade relations towards stability, prosperity, and sustainability, thereby benefiting both nations and the global community.

According to a Ministry of Foreign Affairs readout, her comments mirrored those of Chinese President Xi Jinping, who, in a congratulatory message to Trump earlier in the day, highlighted the advantages of bilateral cooperation.

During Trump's first term, which commenced in 2017, Washington adopted a more confrontational stance towards Beijing. This year, the president-elect has threatened to impose additional tariffs on Chinese goods while running for re-election.

Trump is likely to impose tariffs in the first half of next year, according to Yue Su, the principal economist at the Economist Intelligence Unit. She stated that the president could expedite the process by invoking the International Emergency Economic Powers Act or Section 122 of the Trade Act of 1974, which allows the president to impose tariffs of up to 15% in response to a serious balance-of-payments deficit.

Some analysts are not as worried about a substantial rise in U.S. tariffs on China.

"According to David Chao, Global Market Strategist, Asia Pacific (excluding Japan) at Invesco, Trump's current tariff proposal is likely the worst-case scenario. However, Chao believes that the new administration will hold off imposing these tariffs in order to win concessions, whether that may be more purchases of American soybeans or even geopolitical ones."

Moreover, I believe that Trump's proposed 60% tariff policy on China will not significantly affect the confidence or sentiment of multinational corporations.

Despite Chao's statement, a 10% tariff on all exports to the U.S. would likely have a greater impact, weakening global demand and affecting China and the rest of Asia.