Reported about 13 hours ago
The Trump administration has reportedly reached out to Beijing to start discussions on tariff reductions, signaling a potential easing of strained trade relations, despite President Trump's insistence that China make the first move. While Trump remains firm on imposing high tariffs on Chinese imports, with cargo shipments decreasing significantly, Chinese state media cautions that they will not engage unless the U.S. takes substantial actions. Meanwhile, there are indications of tariff relief for certain sectors, such as automakers, amidst growing concerns over the negative impacts of high tariffs on the economy.
Source: YAHOO