Beijing is “assessing” a U.S. offer to begin talks on the 145% tariffs imposed by President Donald Trump, China’s Ministry of Commerce said on May 2 while warning Washington not to resort to “blackmail or threats.”
Although Washington has initiated outreach through key intermediaries, Beijing emphasized that while its “door remains open” to dialogue, the U.S. must act in “good faith” and reverse “unilateral and wrongful practices.” China denied Trump’s earlier claim that negotiations were already underway.
The U.S.-China trade war continues to rattle global markets and supply chains, with both sides reluctant to appear as the first to back down. Amid economic challenges and real estate woes, China insists it won’t negotiate under pressure, demanding sincere efforts from the U.S.
Meanwhile, Treasury Secretary Scott Bessent and White House adviser Kevin Hasset expressed hope for de-escalation. Trump echoed optimism, saying there are “good chances” for a deal.
