Overview

• China's commerce ministry confirmed it is evaluating a U.S. offer to negotiate trade terms but emphasized the need for sincerity and an end to coercive tactics.
• The U.S. has repeatedly reached out to Beijing, expressing a desire to engage in talks, but formal negotiations have not begun, according to Chinese officials.
• Both nations maintain steep tariffs, with U.S. duties on Chinese goods at 145% and China's retaliatory tariffs at 125%, severely impacting global markets and supply chains.
• China has denied claims by former President Donald Trump that trade talks are already underway, accusing the U.S. of misleading the public.
• Limited tariff exemptions have been introduced by both sides to mitigate economic fallout, but the trade war continues to disrupt global economic stability.