In a potential move towards de-escalation, China’s Commerce Ministry is said to be ‘assessing’ a U.S. offer to discuss the crippling 145% tariffs imposed by PresidentDonald Trump.
What Happened: The U.S. has extended an olive branch to Xi Jinping‘s China, proposing talks over the tariffs that have significantly disrupted global markets. The Chinese Commerce Ministry has confirmed its willingness to engage in discussions but insists that the U.S. must be prepared to rectify “erroneous practices” and revoke unilateral tariffs, reported Xinhua News on Friday.
The Ministry underscored the importance of “sincerity” in these negotiations from Washington, stating, “Attempting to use talks as a pretext to engage in coercion and extortion would not work.”
“China will fight to the end and for talks, the door is open,” added the Ministry.
On Wednesday, President Trump voiced optimism about a potential deal with China earlier this week, following a call to action from Chinese President Xi Jinping to adapt to changes in the international environment.
