Home Business US reaches out to China to discuss tariffs – The Sun Nigeria
Business

US reaches out to China to discuss tariffs – The Sun Nigeria

Share
Share


By Seyi Babalola

US officials have contacted their Chinese colleagues to discuss massive tariffs that have wreaked havoc on markets and global supply chains, according to a Beijing-backed outlet.

Punishing US tariffs of up to 145% on many Chinese items went into effect in April, prompting Beijing to impose further 125% taxes on US imports.

On Thursday, Yuyuan Tantian, a Chinese site affiliated with official broadcaster CCTV, said, citing sources, that Washington was “proactively” contacting China through “multiple channels” to discuss tariffs.

“From a negotiation standpoint, the US is currently the more anxious party,” the outlet, which blends analysis with news reporting, said on the X-like platform Weibo.

“The Trump administration is facing multiple pressures,” it added.

US President Donald Trump has repeatedly claimed that China has reached out for talks on the tariffs.

And on Wednesday, Trump reiterated there was a “very good chance we’re going to make a deal”.

“But we’re going to make it on our terms, and it’s got to be fair,” he told a NewsNation “town hall”.

Beijing has vehemently denied that any talks are taking place while repeatedly urging the United States to engage in dialogue in a “fair, respectful and reciprocal” manner.

But it has also said it will fight a trade war to the bitter end if needed, with a video posted on social media this week by its foreign ministry vowing to “never kneel down!”



Source link

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Nigeria SIM services disrupted by NIMC platform issues

By Chinenye Anuforo Mobile telecommunications subscribers across Nigeria are experiencing temporary disruptions...

AMCON ex-director denies signing Arik deal in N76bn fraud trial

By Sola Ojo, Abuja The third prosecution witness, Abbas Jega, a former...

We must move from rhetoric to results — Lokpobiri charges operators at Nigerian oil and gas conference 2025 – The Sun Nigeria

The Honourable Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri,...

Kogi now 5th lowest in domestic debt nationwide — DMO

From Emmanuel Adeyemi, Lokoja    Going by the latest figures released by...