The US is seeking direct talks with Beijing on the tariff issue. This fact has been confirmed by Chinese state media. The US government has contacted China through various channels, Reuters reports. The United States has approached China seeking talks on President Donald Trump's 145% tariffs.
"The US has proactively contacted China through multiple channels, hoping to hold discussions on the tariff issue," Yuyuan Tantian said in a post published on her official Weibo social media account.
Beijing has made little effort to contain its anger at the tariffs, which it says are tantamount to tensions and cannot stop the rise of the world's second-largest economy. However, in addition to using its propaganda machine to hit back at the duties, China has quietly created a list of U.S.-made products that it will exempt from its retaliatory 125% tariffs - including certain pharmaceuticals, microchips and jet engines - Reuters reported, to soften the impact of the duties.
The latest data showed that the US economy shrank at the start of the year for the first time since 2022. The statistics provided an initial glimpse of the impact of Trump's trade policy.
At the same time, prices from some of the most well-known suppliers of goods made in China already indicate that American buyers will foot a large part of the bill, despite Trump's claims that Beijing will bear the brunt of his tariffs, currently at 145 percent.
So President Donald Trump acknowledged on Wednesday that his tariffs could lead to more expensive products in the United States. He said American children might only get “two dolls instead of 30 dolls,” but insisted that China would suffer more from its trade war.
"The talks with China will happen. They are going through a difficult time right now because their factories are no longer doing business. They made trillions of dollars with Biden, selling them their goods. We don't need a lot of those goods. They have goods but they also have ships, which, to tell you the truth, we don't need. We have to make a fair deal. We have been hit economically by many countries in the world, but China is one of the main ones," said Donald Trump. (A2 Televizion)
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