Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Starmer says UK to recognize Palestinian state if...
‘Critical’ closed-door congressional huddle focuses on growing antisemitism...
Trump’s CDC pick confirmed—but her pro-vaccine stance may...
Trump pick Emil Bove confirmed as federal judge...
From Gaza to Greenland, Macron breaks with Trump...
Schumer calls on FBI to conduct counterintelligence threat...
Biden ‘Politburo’ member Steve Ricchetti to appear before...
Trump looks to skip G20 summit in South...
Backlash against Sydney Sweeney ‘jeans/genes’ ad gets mocked...
Biden ‘Politburo’ member Steve Ricchetti appears before House...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Politics

China open to talks with Trump admin on lowering tariffs, ministry says

by admin May 2, 2025
May 2, 2025
China open to talks with Trump admin on lowering tariffs, ministry says

China is ‘evaluating’ an offer from the U.S. to hold talks on tariffs, according to a Friday statement from the Chinese Commerce Ministry. This shift in tone could leave the door open for the world’s two largest economies to deescalate the trade war that has left global markets in turmoil.

‘The U.S. has recently taken the initiative on many occasions to convey information to China through relevant parties, saying it hopes to talk with China,’ the ministry said in a statement, according to a Reuters translation. The ministry also said that Beijing was ‘evaluating this.’

However, while Beijing appears to be open to negotiations, the Chinese Commerce Ministry warned that it would not be forced into making a bad deal. According to the Reuters translation, the ministry said that ‘attempting to use talks as a pretext to engage in coercion and extortion would not work.’

On Thursday, Treasury Secretary Scott Bessent told Fox Business’ Maria Bartiromo on ‘Mornings with Maria’ that he believed Beijing was looking to reach an agreement with the U.S.

‘I am confident that the Chinese will want to reach a deal. And as I said, this is going to be a multi-step process. First, we need to de-escalate. And then the over time we will start focusing on a larger trade deal,’ Bessent said.

President Donald Trump announced sweeping global tariffs last month. He slapped a 145% tariff on Chinese imports. Meanwhile, Beijing put a 125% tariff on U.S. imports. However, the country recently waived the tariff on a host of American-made products. 

There were already exemptions for some pharmaceuticals, microchips and aircraft engines, but China added an exemption for ethane imports, according to Reuters.

Beijing’s change in messaging regarding the tariffs comes in stark contrast to its April 23 comments during a U.N. Security Council Arria-formula meeting on ‘The Impact of Unilateralism and Bullying Practices on International Relations.’ At that meeting, China accused the U.S. of using tariffs to bully the rest of the world.

‘Under the guise of reciprocity and fairness, the U.S. is playing a zero-sum game, which is essentially about subverting the existing international economic and trade order by means of tariffs, putting U.S. interests above the common good of the international community and advancing hegemonic ambitions of the U.S. at the cost of the legitimate interest of all countries,’ Chinese U.N. Ambassador Fu Cong said in his opening remarks.

A State Department spokesperson told Fox News Digital that the meeting was ‘a waste of U.N. Security Council members’ time.’ The spokesperson also slammed the meeting as an example of China’s manipulation of ‘the multilateral system to support its economic, political, and security interests.’

This post appeared first on FOX NEWS

previous post
Farage’s Reform UK beats out establishment parties in ‘earthquake’ elections
next post
Netflix stock is trading at all-time high levels in unprecedented win streak

You may also like

National security experts warn against ‘chaos’ of US...

July 23, 2024

Harris unveils agenda to help Black men ‘get...

October 14, 2024

SCOTUS to hear straight woman’s discrimination case that...

February 26, 2025

Morning Glory: Kamala Harris is not ready to...

August 13, 2024

Judge Merchan sued for financial disclosures amid concerns...

September 5, 2024

Pakistan fears India incursion ‘imminent’ amid heightened tensions...

April 29, 2025

Freedom Caucus draws first battle lines in election...

August 12, 2024

Who’s a good boy? JD Vance’s family pooch...

August 17, 2024

Brennan directed publication of ‘implausible’ reports claiming Putin...

July 23, 2025

Election night winners and losers: 2024 edition

November 7, 2024

Recent Posts

  • Starmer says UK to recognize Palestinian state if Israel doesn’t agree to ceasefire, Hamas must ‘disarm’
  • ‘Critical’ closed-door congressional huddle focuses on growing antisemitism in US, Mamdani’s rise
  • Trump’s CDC pick confirmed—but her pro-vaccine stance may clash with RFK Jr.’s agenda
  • Trump pick Emil Bove confirmed as federal judge after furious Democrat walkout, whistleblower complaints
  • From Gaza to Greenland, Macron breaks with Trump on global flashpoints

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (845)
    • Investing (2,651)
    • Politics (3,267)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.