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China said it was considering proposals from the United States to start negotiations on the radical tariffs of US President Donald Trump.
The United States has “recently, through relevant channels, actively transmitted messages to China, expressing the desire to engage in talks,” said a statement from the Ministry of Commerce on Friday.
“China is currently evaluating this.”
Beijing’s remarks are intervened after the Chinese state media reported earlier in the week than the Trump administration had “contacted in a proactive manner” by several channels.
Trump’s trade war with China resulted in a de facto mutual commercial embargo between the two biggest economies in the world.
Companies and investors have impatiently awaiting signs that Washington and Beijing will facilitate their steep prices on the products of the other in the midst of fears that a prolonged case inflicts serious damage to the global economy.
The International Monetary Fund last month reduced its global growth forecasts for 2025 to 2.8%, compared to 3.3%in January, while JPMorgan Chase put the probability of an American recession this year at 60%.
Christopher Beddor, Deputy Director of Deputy Research of China at Givekal Dragonomics, a financial services company in Beijing, said that China seems to be sincere to be open to talks provided that the United States is serious.
“Once again, they have a lot of tools: the prices are already in place, but they also have export controls and can launch more probes in American companies,” Beddor told Al Jazeera.
“The list continues. Even more importantly, they are ready to stimulate to blunder damage to economic growth. But political decision -makers also clearly understand that it would be much better if they did not have to use these tools because there was a de -escalation.”
Trump, who slapped a 145% tariff on Chinese exports, insisted on the fact that his administration is in negotiations with Beijing, an assertion that Chinese officials have rejected as “base”.
Trump said on Wednesday that there was a “very good luck” that he would conclude a trade agreement with China as long as he was “fair”.
On Friday, in its declaration, the Chinese Ministry of Commerce said that its position on the commercial dispute had been consistent.
“If there is a fight, we will fight until the end; if there are discussions, the door is open,” said the ministry.
“The tariff war and the trade war have been initiated unilaterally by the United States, and if the United States wants to speak, it should demonstrate sincerity by preparing to correct its erroneous actions and to cancel the unilateral taxation of additional prices,” he said, adding that “trying to use talks as a pretext to get involved in coercion and the bronfteur” would not work with China.
‘Wakeup call’
In an interview with Fox News that was broadcast Thursday evening, US Secretary of State Marco Rubio said Trump’s prices seriously injured the Chinese economy and that Beijing was impatient to speak.
“The Chinese reach out, they want to meet, they want to speak,” Rubio told Fox News, Sean Hannity. “We have people involved in there.”
Rubio also said that tensions were “alarm clock” for the United States, and the country should not be so dependent on China.
“Two more years in this direction, and we are going to have a lot of problems, really dependent on China,” he said. “So I think there is this broader question about the amount we should buy from them.”
Steven Okun, CEO of the Singapore consulting company, APAC Advisors, said it would not be a surprise to see meetings between Chinese and American officials “given the interdependence of their economies and damage caused to both”, but characterize such contact as “negotiation” would be premature.
