China wants to bring its trade ties with the U.S. back to a stable footing, its commerce minister said, adding that recent talks in Europe showed there was no need for a tariff war while urging the U.

E.U. leaders are in Beijing to mark 50 years of diplomatic relations with China, but they have major disagreements over trade and Russia’s war against Ukraine.

Half a century after the establishment of relations between China and the EU, and against a backdrop of deteriorating transatlantic relations, the European Union and China held their 25th summit in Beijing.

BEIJING (Reuters) -China wants to bring commercial ties with the United States back to a state of healthy and sustainable development, Commerce Minister Wang Wentao said on Friday, calling on the U.S.

President Donald Trump says a trip to China may happen soon, hinting at efforts to stabilize U.S.-China trade relations.

At the 25th China-EU Summit held in Beijing, China and the European Union reached several key agreements on crucial global issues, including climate change and export controls. The summit also marked the 50th anniversary of diplomatic relations between the two global powers.

President Trump has hinted at a forthcoming visit to China to potentially reset US-China relations. A summit with President Xi Jinping is anticipated to stabilize the turbulent relationship marked by past trade disputes.

China is seeking to maintain stable relations with the European Union. The efforts are believed to be part of its strategy to prepare for a prolonged confrontation with Washington, as the United States ramps up pressure on its trading partners.

As President Donald Trump dismantles U.S. soft power and launches trade wars with allies, China is content to sit back and watch.

Chinese leader Xi Jinping urged the European Union to make “the right strategic choice” and enhance cooperation with China, while EU leaders called for a rebalancing of trade ties, as the two sides tackle deep-seated grievances at a tense summit in Beijing.