China said on Friday that it is assessing the possibility of trade talks with the US, per Bloomberg. China’s Commerce Ministry said in a statement that it had noted senior US officials repeatedly expressing their willingness to discuss with Beijing about tariffs, and urged officials in Washington to show “sincerity” towards China.
Key quotes
China Commerce Ministry says the US has taken the initiative to convey to China that the US is hoping to talk on trade.
China said to be conducting an assessment of US trade negotiations.
Also wants the US to correct its tariff mistakes, says the US unilaterally initiated the tariff trade war.
China is urging the US to demonstrate sincerity if it wants trade talks.
China is evaluating possible US trade talks.
China says the door is open to trade talks with the US.
Market reaction
At the time of writing, the AUD/USD pair is trading 0.37% higher on the day to trade at 0.6407.
