Asian markets rose Friday as China considered a US offer to negotiate steep tariffs, following strong results from tech giants Microsoft and Meta that offset economic worries. China's commerce ministry said it was evaluating a US proposal for negotiations on tariffs, but wanted Washington to show "sincerity" in scrapping levies that have disrupted global markets and supply chains. The US has imposed 145% tariffs on many Chinese products, while Beijing has responded with fresh 125% duties on imports from the US. Japan's envoy for US tariff talks said a second round of negotiations had been "frank and constructive", but warned that the path to an agreement was littered with landmines. The Bank of Japan revised down its growth forecasts due to tariffs, while traders await US jobs data for April for indications of the US central bank's interest rate path.
https://www.victoriaadvocate.com/news/nation/asian-stocks-gain-after-china-teases-us-tariff-talks/article_985410c6-0aaa-55d1-97ba-0d6d8ba9f045.htmlChina's commerce ministry is evaluating a US offer for negotiations on tariffs, but wants Washington to demonstrate sincerity and be willing to scrap levies that have disrupted global markets and supply chains. The deadline for countries to strike an agreement with the US is July, with dozens of nations facing higher country-specific rates if they fail to comply. US President Donald Trump claims China has reached out for talks on tariffs, but Beijing's demand for sincerity suggests a need to reconsider the 145% rate before holding serious negotiations.
https://channelnewsasia.com/asia/asian-stocks-gain-china-teases-us-tariff-talks-5104086China's commerce ministry is evaluating a US offer to negotiate steep tariffs, but wants Washington to show "sincerity" and be ready to scrap levies that have disrupted global markets and supply chains. The US has imposed 145% duties on many Chinese products in April, while China has responded with fresh 125% duties on imports from the US. Asian markets rose today, tracking Wall Street gains, as tech giants Microsoft and Meta reported strong first-quarter results.
https://www.malaymail.com/news/money/2025/05/02/us-china-tariff-talks-back-on-table-asian-markets-climb-on-trade-detente-hopes/175289China has called for the US to show sincerity and take concrete actions to address trade issues, including correcting wrong practices and canceling unilateral tariffs.
https://www.ocregister.com/2025/05/02/china-us-tariffs-2/China is evaluating a US offer for negotiations on tariffs, but wants Washington to show "sincerity" and be ready to scrap levies that have caused significant disruptions in global markets and supply chains. The US has imposed tariffs of up to 145% on Chinese products, while China has responded with its own duties of up to 125% on imports from the US.
https://www.manilatimes.net/2025/05/02/world/asia-oceania/china-says-evaluating-us-offer-of-tariff-talks-but-wants-sincerity/2104440China is demanding that the US demonstrate sincerity by addressing its wrong practices and removing all imposed tariffs. The US must take concrete actions, including lifting the current tariffs of 145% on Chinese shipments and 125% on American goods entering China. If not, China will not accept talks as a cover for coercion and extortion.
https://www.scmp.com/economy/china-economy/article/3308749/china-considering-start-trade-negotiations-us-commerce-ministry-says?module=top_story&pgtype=section#commentsChina has softened its stance in US tariff talks amid growing tensions between the two nations. The country is reviewing proposals to ease trade war restrictions, according to reports. Meanwhile, factory orders in Vietnam have been cancelled due to concerns over Chinese spy claims, with some companies re-evaluating their supply chains.
https://www.scmp.com/news/china/article/3308906/china-softens-stance-us-tariff-talks-spy-claims-condemned-scmp-daily-highlights?module=top_story&pgtype=sectionChina's Commerce Ministry has expressed willingness to assess trade talks with the US after senior US officials signaled their openness to negotiations following Donald Trump's tariff hike last month. The ministry urged sincerity from Washington in its statement, noting that the US had sent messages through relevant parties to initiate discussions with China, which is currently evaluating this possibility.
https://www.japantimes.co.jp/news/2025/05/02/asia-pacific/politics/us-china-trade-talks-thaw/China's Commerce Ministry has expressed openness to talks with the US on tariffs, but emphasized that the US must show sincerity by removing all unilateral tariffs and correcting its "wrong practices". Senior US officials have recently reached out to China through relevant parties to initiate negotiations. China views the US request as a positive development, having granted certain waivers in the past.
https://www.firstpost.com/world/is-china-discussing-a-tariff-deal-with-trump-beijing-says-currently-evaluating-negotiation-offer-13885009.html