BEIJING: China said Friday it is evaluating a US offer for negotiations on tariffs but wanted Washington to show \u201csincerity\u201d and be ready to scrap levies that have roiled global markets and supply chains.
\nPunishing US tariffs that have reached 145 percent on many Chinese products came into force in April while Beijing has responded with fresh 125 percent duties on imports from the United States.
\nHigh-end tech goods such as smartphones, semiconductors and computers have received a temporary reprieve from US tariffs.
\nUS President Donald Trump has repeatedly claimed that China has reached out for talks on the tariffs, and this week said he believed there was a \u201cvery good chance we\u2019re going to make a deal.\u201d
\nBeijing\u2019s commerce ministry on Friday confirmed the US had reached out and that it was \u201ccurrently evaluating\u201d the offer.
\nBut, it said, any talks would first require sincerity from the US side.
\n\u201cIf the US wants to talk, it should show its sincerity to do so, be prepared to correct its wrong practices and cancel unilateral tariffs,\u201d the ministry said.
\n\u201cIn any possible dialogue or talks, if the US side does not correct its wrong unilateral tariff measures, it just means the US side is completely insincere and will further damage the mutual trust between the two sides,\u201d it added.
\n\u201cSaying one thing and doing another, or even attempting coercion and blackmail under the guise of talks will not work,\u201d the commerce ministry said.
\nDozens of countries face a 90-day deadline expiring in July to strike an agreement with Washington and avoid higher, country-specific rates.
\nBut Beijing had vowed to fight a trade war to the bitter end if needed, with a video posted on social media this week by its foreign ministry vowing to \u201cnever kneel down!\u201c
\nBut it has acknowledged global economic vicissitudes have strained its economy, long dependent on exports, with officials admitting that foreign-facing firms are facing difficulties.
\nData this week showed factory activity shrank in April, with Beijing blaming a \u201csharp shift\u201d in the global economy.
\nChinese exports soared more than 12 percent in March as businesses rushed to get ahead of the swingeing tariffs.<\/p>\n","protected":false},"excerpt":{"rendered":"
BEIJING: China said Friday it is evaluating a US offer for negotiations on tariffs but wanted Washington to show \u201csincerity\u201d and be ready to scrap levies that have roiled global markets and supply chains. Punishing US tariffs that have reached 145 percent on many Chinese products came into force in April while Beijing has responded …<\/p>\n","protected":false},"author":4,"featured_media":80483,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-80472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/80472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=80472"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/80472\/revisions"}],"predecessor-version":[{"id":80484,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/80472\/revisions\/80484"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/80483"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=80472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=80472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=80472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}