China reported on Friday that it could reopen the door to commercial talks with Washington, saying that it was still examining the opportunity to join the negotiations after the increase in the net price of last month ordered by President Donald Trump.
In a writing statementThe Beijing Ministry of Commerce said he had “noted” that senior American officials repeated their wish to speak with China of the prices. “The United States has recently sent messages to China through the parties concerned, in the hope of starting talks with China,” said the ministry. “China is currently evaluating this.” The declaration urged the officials of the American capital to match their words with “sincerity”.
The note has given the financial markets a new hope that the commercial confrontation between the two largest economies in the world could facilitate. The term contracts on the S&P 500 index destroyed previous losses during Asian hours, and a largely regarded criterion of regional actions has increased to a positive territory. Hong Kong's Hang Seng China Enterprises has climbed more than 1%, while continental exchanges remained closed for holidays. In currency trading, the Yuan Offshore increased 0.3% to 7.2566 for a dollar, and the Australian dollar has extended its rebound.
The talks would mark a change in a dispute that rocked companies on both sides of the Pacific. Last month, Trump pushed taxes on a wide range of Chinese products at invisible levels in 100 years, and Beijing retaliated by increasing his own prices. The American president said on several occasions that Chinese chief Xi Jinping must contact him first if Beijing really wanted to negotiate. Earlier this week, the Treasury Secretary, Scott Bessent, told journalists that China was to cross the initial measure to break the dead end.
“The high level of reciprocal rates on China is not durable, so the market expects the United States and China to begin to negotiate at some point,” said Woei Chen Ho, an economist at United Overseas Bank Ltd. “The start of negotiations will probably again lead to market volatility, as it should not be navigation.”
Political movements in Washington could complicate the path to follow
Trump reworked the main national security positions on Thursday, expanding the functions of the Secretary of State Marco Rubio. Rubio, who has become the first member of the American cabinet sanctioned by Beijing, will act as acting advisor to national security while retaining his portfolio of the State Department. Michael Waltz, the outgoing advisor, will be appointed American ambassador to the United Nations.
Holding the two jobs will give Rubio a stronger voice on questions that Beijing follows closely, notably Taiwan, which China considers its own territory. The Secretary of State has engaged in the past to counter what he calls the “destabilizing actions” of China in the Southern China Sea.
In an interview broadcast Thursday evening on Fox News With the host Sean Hannity, Rubio said that Chinese officials were looking for a “short -term housing” and that American functions “make a huge number” of the Chinese economy. “The Chinese are holding out,” Rubio told Hannity. “They want to meet, they want to speak.”
The White House, the office of the US trade representative and the Treasury and Trade departments did not respond to requests for comments on Friday.
Economic pressure inside China rises. The official index of manufacturing purchasing managers published this week has shown that factory activity has been accumulating in its deepest contraction since December 2023. New export orders have fallen to the lowest level since December 2022 and have recorded their steepest decrease of one month since April 2022, when Shanghai stopped to control a pandemic epidemic.
Even by referring to the opening, the Ministry of Commerce has developed its point of view as unchanged. As a condition for everything in talks, the ministry said that Washington should first “correct its bad practices” by lifting the unilateral prices. “If we fight, we will fight to the end; if we speak, the door is open,” said the press release.
He said: “What China wants to emphasize is that in any dialogue or to speak possible, if the United States does not correct its poor unilateral tariff measures, this means that the United States has no sincerity and will damage mutual confidence between the two parties.”
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