China says assessing U.S. proposals for talks to reduce tariffs

China assessing trade talks with U.S. on tariff reductions amid escalating tit-for-tat tariff war, seeking sincerity from Washington.

China on Friday (May 1, 2025) said it is assessing whether to start trade talks with the U.S. on tariff reductions following recent approaches by Washington, a move that would possibly ease the tit-for-tit tariff war between the world’s two largest economies.

"China is making assessments as the United States has recently reached out to convey messages to China through relevant parties many times, expressing hope to engage in talks with Beijing over tariff issues," the Chinese Commerce Ministry said in a statement.

"The tariff and trade wars were unilaterally initiated by the United States. If the U.S. wants to negotiate, it must demonstrate sincerity, and make preparations and take concrete actions on issues such as correcting its erroneous practices and lifting the unilateral tariffs," the statement by its spokesperson said.

U.S. President Donald Trump slapped 145% on Chinese exports. Later the White House said tariffs on Chinese goods amounted to 245%.

Beijing retaliated by imposing 125% levies on U.S. exports.

China has been denying any talks with the U.S. on tariffs while President Trump said talks were on and Chinese President Xi Jinping spoke to him.

The Chinese Foreign Ministry denied any such talks between the two Presidents.