Chinese Ambassador to the United States Xie Feng emphasized the importance of deepening mutual interests and fostering a partnership where both nations can thrive together. Speaking at a reception in Washington to celebrate the 76th anniversary of the People’s Republic of China, Xie highlighted China’s potential to purchase more American products and create business opportunities for the US, despite a significant decline in bilateral trade this year. He cautioned against the detrimental effects of tariff wars, stating that such conflicts yield no winners. Recent data revealed a sharp drop in US exports to China, particularly in agriculture, with soybean sales plummeting by over 50% in the first half of 2025. Xie underscored the vast room for cooperation between the two nations, citing the growth in bilateral trade from $2.5 billion in 1979 to $688 billion in 2024. He also noted that 82% of American businesses operating in China reported profits in 2024, reflecting the mutual benefits of economic ties. Xie called for equal-footed consultation to resolve trade disputes and stressed the need to avoid confrontation, particularly on sensitive issues like Taiwan. He urged the US to adhere to the one-China principle and refrain from actions that could destabilize bilateral relations. The reception was attended by over 700 guests, including representatives from the US government, international organizations, and foreign ambassadors.