China Considers Trade Talks with U.S., Demands Tariff Cancellations

China has indicated it is open to resuming trade talks with the United States, but insists that negotiations will only proceed if Washington cancels its steep unilateral tariffs on Chinese imports, which currently stand at 145%. Beijing has received messages from the U.S. expressing a willingness to start discussions, but emphasized that any talks must be based on mutual sincerity and the reversal of what it calls 'wrong practices.' The Chinese Commerce Ministry stated that maintaining tariffs would show insincerity from the U.S. and further erode trust between the two sides. The hints of possible dialogue have lifted market sentiment in Asia, with equities and currencies reacting positively to the news. However, no official negotiations have begun, and both sides remain firm in their public positions, with Beijing warning against coercion and demanding concrete action before talks commence.