Beijing has “evaluated” the offer from Washington to hold talks over President Donald Trump's crippling tariffs, China's Commerce Department on Friday pointed out the potential for a potential de-expansion of the trade war that has hit global markets.
The US is approaching China to seek consultations on Trump's 145% tariffs, with Beijing's doors open for discussion, the Commerce Ministry said.
The United States should take action in “correcting false practices” and prepare to cancel unilateral tariffs, the Commerce Department said in a statement, adding that Washington needs to show “integrity” in negotiations.
“The US has recently taken an initiative saying that they want to talk to China in many cases to communicate information to China through related parties,” the statement said, adding that Beijing “is evaluating this.”
“It doesn't work to try to use consultations as an excuse to engage in coercion and fear tor.”
China has repeatedly denied that it is trying to negotiate a way out of tariffs with the US, and appears to be betting that Washington will make the first move instead.
Trump's decision to make Beijing single due to a 145% import obligation is at a particularly difficult time for China. This has been suffering from deflation due to economic growth and the long-term property crisis.
Beijing has expressed anger at tariffs, which is said to be equivalent to bullying, and cannot stop the rise of the world's second largest economy.
In addition to using propaganda machines to return to duties, China quietly created it list Of the US-made products, you will be exempt from retaliatory 125% tariffs, including certain drugs, microchips and jet engines.
On the US side, officials, including Treasury Secretary Scott Bescent and White House economic adviser Kevin Hassett, have also expressed their hopes of alleviating trade tensions.
“I'm sure the Chinese want to get to the trade. And like I said, this will be a multi-step process. First, we need to escalate, then… we'll start focusing on bigger trade contracts.”
Trump said Wednesday that he believes there is a “very good opportunity” for his administration to make a deal with China, hours after Chinese President Xi Jinping asked the United States to take action to adapt to changes in the international environment without explicitly mentioning it.
