US Seeks Talks with China Over Tariffs as Market Turmoil Continues

In a move that signals a potential thaw amid escalating trade tensions, US officials have reportedly reached out to their Chinese counterparts to open discussions on the sweeping tariffs that have sent shockwaves through global markets and disrupted supply chains worldwide. According to a Beijing-affiliated outlet citing anonymous sources, the effort to initiate dialogue comes as both nations grapple with the fallout of their ongoing trade conflict.

The tariffs, which have seen US duties on Chinese goods skyrocket to 145 percent on many products since April, have sparked retaliatory tariffs from Beijing, including fresh 125 percent duties on US imports. The tit-for-tat measures have contributed to heightened market volatility and mounting economic uncertainty.

Despite widespread speculation that China has sought negotiations, Beijing has strongly denied claims made by former US President Donald Trump, who has repeatedly asserted that China has initiated talks to resolve the tariff dispute. The Chinese government has maintained that it remains open to dialogue but insists that any negotiations must be conducted on a basis of fairness and respect.

However, a recent report from Yuyuan Tantian, a Chinese outlet linked to state broadcaster CCTV, suggests that Washington is “proactively” reaching out through “multiple channels” to engage in discussions. The report, posted on the social media platform Weibo, characterizes the US as “the more anxious party” in the current negotiation landscape, citing sources familiar with the matter. The outlet also noted that “the Trump administration is facing multiple pressures,” hinting at internal and external factors influencing the US push for dialogue.

AFP has contacted China’s foreign ministry seeking comment on the reports. While Beijing continues to advocate for a “fair, respectful and reciprocal” approach to resolving trade disputes, it has also signaled that it is prepared to fight a trade war to the bitter end if necessary. A recent video posted by China’s foreign ministry on social media declared a resolute stance, with officials vowing to “never kneel down” in the face of economic coercion.

As the world watches closely, the coming days may reveal whether these overtures for talks mark a turning point or simply a strategic move amid ongoing tensions. The stakes are high, with trade policies shaping the future of the global economy and the delicate balance of international relations hanging in the balance.