Wed Apr 23 16:46:51 UTC 2025: ## US-China Trade War Shows Signs of De-escalation
**Washington/Beijing, April 23, 2025** – A potential breakthrough in the US-China trade war emerged this week, sparking relief in global markets. Following President Trump’s statement that tariffs on Chinese goods, currently at 145%, will be “substantially lowered,” China reiterated its willingness to engage in trade talks.
Chinese Foreign Ministry spokesperson Guo Jiakun emphasized that “the door for talks is wide open,” echoing President Xi Jinping’s warning against the negative impacts of trade wars on global economies. While Trump confirmed the tariff reduction, he clarified that they would not reach zero.
The shift in tone followed comments from US Treasury Secretary Scott Bessent, who reportedly predicted a de-escalation of tensions and the need for fair trade practices, emphasizing that the US does not aim to decouple from the Chinese economy. White House Press Secretary Karoline Leavitt also expressed optimism regarding a potential trade deal.
Trump’s comments also alleviated fears of an imminent dismissal of Federal Reserve Chair Jerome Powell, after previous criticisms. The news sent global markets soaring, with Asian markets seeing significant gains and gold prices falling from recent record highs. Japan is reportedly considering concessions to further ease trade tensions.
International finance ministers and central bankers will convene in Washington this week, where discussions on the US-China trade situation will be closely monitored. China’s Foreign Minister Wang Yi has already engaged with his British and Austrian counterparts, urging collaboration to protect international trade.
First Piper 