The Beijing Hour China assessing U.S. signals for possible trade talks: ministry
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May 2, 2025 China's commerce ministry is weighing trade talks with the U.S., emphasizing the need for genuine tariff reductions. The discussion highlights how these tariffs affect small businesses and consumers both ways. Political shifts in the U.S. are also examined, particularly the removal of a key national security adviser. Moreover, the podcast touches on the burgeoning relationship between the U.S. and Ukraine, as well as significant legislative changes in China aimed at promoting the private sector amidst a challenging economic landscape.
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China's Trade Talks Conditions
- China is open to trade talks but insists the U.S. first lifts unilateral tariffs.
- China vows to resist coercion and stresses sincerity in negotiations is necessary.
Tariff Pain on Both Economies
- U.S. tariffs on Chinese goods increase prices and disrupt supply chains.
- These tariffs harm small businesses and consumers in both countries.
Tariffs Inevitably Ratcheted Down
- Trade war tariffs won't last as they are too painful for both China and the U.S.
- Leadership will seek a reasonable tariff level both countries can accept.