China's Ministry of Commerce confirmed it is considering US proposals for negotiations on tariffs while maintaining that it is prepared to fiercely defend its interests if dialogue fails. This comes amidst escalating tensions from Trump's trade war, which has led to significant mutual tariffs affecting both economies. Businesses are increasingly concerned about the possible long-term implications of these trade hostilities, especially following recent global growth forecasts that show a downturn. The statement emphasized the need for US sincerity in correcting its approach to foster potential talks.
"China's Commerce Ministry stated that if talks are possible, they are open to it; however, the country is fully prepared to defend its interests to the end."
"In preparation for negotiations, China emphasizes that the US must show sincerity by correcting past actions and reconsidering its tariffs, which it views as unjust."
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