On February 26th, the Ministry of Commerce's spokesperson He Yongqian stated at a press conference that China and the US maintain communication on the upcoming sixth round of economic and trade consultations, willing to implement Busan Summit and Feb 4 phone call consensus, manage differences through equal consultation, and promote stable bilateral economic and trade relations.

The US Supreme Court ruled the International Emergency Economic Powers Act doesn’t authorize large-scale tariffs, but the Trump administration imposed new tariffs. Scholars note US tariff policy changes increase global trade uncertainty, erode rule stability, harm business investment, and push countries to diversify trade partners.

A spokesperson for China's Ministry of Commerce responded to the US's plan to advance the 301 investigation on the first phase China-US economic and trade agreement, stating China has fulfilled its obligations while the US violated the agreement. China hopes the US views it objectively, and will take necessary measures to defend its legitimate rights if the US imposes tariffs.

On Feb 23, 2026, South Korea's final anti-dumping ruling on China's hot-rolled coils reached a price commitment agreement with China. Both sides welcome it, believing it benefits their industries, enhances trade stability, reflects mutual respect, and shows support for WTO rules and multilateralism.

German Chancellor will visit China Feb 25-26, leading a high-level economic delegation. Sino-German economic and trade cooperation has deepened over 50 years (trade >200B USD, investment >65B USD). Both sides will advance cooperation in traditional and emerging fields via China's 15th Five-Year Plan opportunities.

On Feb 20 ET, US Supreme Court ruled US gov't's tariffs (including fentanyl tariffs) under IEEPA illegal. China's Ministry of Commerce noted the ruling, is evaluating it, opposes US unilateral tariffs (violating rules/domestic laws), urges US to lift them, will monitor US's alternative measures and safeguard its interests.

The US Supreme Court ruled the International Emergency Economic Powers Act doesn’t authorize presidential large-scale tariffs, but Trump imposed 15% tariffs on all regions, increasing global trade uncertainty. Major partners like EU, Japan, Canada reacted; US businesses demand $175B+ tariff refunds, with experts warning chaos without congressional action.

At 2026 North American Int'l Toy Fair, US toy industry insiders complain tariffs squeeze profit margins, hurting American businesses/consumers. Tariffs (≈20% now vs exemption last year) raise toy prices, cause K-shaped market differentiation. Studies show 90%+ tariff costs borne by US consumers/businesses.

The State Administration for Market Regulation and Ministry of Commerce issued a notice to strengthen cross-border e-commerce retail imported food recall supervision, clarifying e-commerce enterprises' main responsibility, requiring entrusted domestic firms to recall, platforms to urge compliance, and penalizing non-compliance with credit management to ensure consumer safety.

The State Council executive meeting on Feb 6 studied measures to promote effective investment, aiming to stabilize 2026 investment amid 2025's 3.8% fixed asset investment decline, with measures including policy tools, SOE/private investment support and 15th Five-Year Plan-aligned projects.

On Feb 10, 2026, Wang Yi attended the first 2026 APEC high-level meeting in Guangzhou, focusing on "Building Asia Pacific Community & Promoting Common Prosperity" and "Openness, Innovation, Cooperation". It launches APEC's "Year of China" with Shenzhen as a key venue, emphasizing APEC's role amid global uncertainties and China's commitment to deeper Asia Pacific cooperation.

China signals willingness and ability to be a global market amid global economic recovery challenges and trade protectionism. Its super large market (1.4B+ population, 400M+ middle-income group) fuels demand, while openness (CIIE, FTZs, BRI) delivers global opportunities, acting as a world economy stabilizer.