US, China to conduct ice-breaker trade talks

What China needs to do now is to turn itself into the world's largest consumer market and a core hub of global imports, filling the market gaps left by the US. As a community of shared interests, China will garner more friends ... thereby enhancing its negotiating leverage against the US,

Luo said

For more comprehensive geopolitical negotiations to be possible, tariffs would need to be lowered first — the key is whether both sides can agree on the extent and scope of tariff rollbacks, as well as on follow-up talks,

Bo said

Look, we have a shared interest that this isn't sustainable,

Bessent said

China has emerged as the most resolute, decisive and forceful among all global economies in its countermeasures against the US' protectionist actions."

Cui Fan, a professor of international trade at the University of International Business and Economics in Beijing, said

My sense is this will be about de-escalation,

Bessent told Fox News Channel's "The Ingraham Angle" after the announcement

Taking into account the global expectations, China's interests, and the calls from the US business community and consumers, China has decided to agree to engage in contact with the US,

said a spokesperson for the ministry

We believe that both sides are hoping to reach a comprehensive agreement. The current stage of mutual escalation and tit-for-tat measures between the two countries might temporarily subside."

Robin Xing, Morgan Stanley's chief China economist, said

If the US wants to talk, our door is always open,

the Commerce Ministry spokesperson said

On the basis of fully considering global expectations, China's interests, and the appeals of US industry and consumers, China has decided to reengage the US,

the Chinese statement said