The US has initiated discussions with China regarding Donald Trump's steep tariffs, potentially indicating Beijing's willingness to negotiate. High-ranking US officials have expressed optimism for easing trade tensions, highlighting informal talks. Although China has publicly condemned the tariffs, it has begun listing certain US products to exempt from its retaliatory duties. Both countries recognize the necessity to de-escalate the tariffs, with a focus on revisiting past trade commitments made in the 2020 Phase 1 deal as a part of future negotiations.
"The US has proactively reached out to China through multiple channels, hoping to hold discussions on the tariff issue, signaling Beijing's potential openness to negotiations."
"US officials expressed hope for progress in easing trade tensions, citing loose discussions between both governments about the tariffs and China's recent easing of duties on some US goods."
"Hassett mentioned that high tariffs of 145% on the US side and 125% on the Chinese side needed to be de-escalated for negotiations to begin, indicating a multi-step process ahead."
"While China has shown anger at the tariffs, it has quietly created a list of US-made products to exempt from retaliatory tariffs, aiming to ease the duties' impact."
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