Fri May 02 05:50:21 UTC 2025: ## China Considers US Tariff Reduction Talks Amidst Trade War
**Beijing, May 2, 2025** – China announced Friday that it is assessing a potential resumption of trade talks with the United States regarding tariff reductions. This follows repeated overtures from Washington, according to a statement from the Chinese Commerce Ministry. While the US has expressed hope for negotiations, China insists that any talks must involve genuine commitment from the US, including correcting what it considers “erroneous practices” and lifting unilaterally imposed tariffs.
The escalating trade war began with the US imposing tariffs, initially 145% and later 245%, on Chinese exports. China retaliated with its own tariffs on US goods, reaching 125%. Despite statements from US President Donald Trump suggesting ongoing talks and even communication with Chinese President Xi Jinping, the Chinese Foreign Ministry denies such discussions took place.
The situation highlights the significant economic pressure on China. While China maintains a strong public stance, the impact of the US tariffs on its slowing economy, marked by falling exports, weak domestic consumption, and a housing market collapse, is a growing concern. The US is China’s third-largest export market. The US has reportedly reached out to over 75 countries for new trade deals, pausing increased tariffs on most, but maintaining the high levies on China. China’s potential participation in tariff reduction talks remains uncertain pending a demonstration of US sincerity.
First Piper 