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It looks like China wants to deal on the trade tariffs as multiple media outlets are reporting the financial pain the CCP is experiencing is immense. Xi Jinping risks losing power as factories shut down and citizens go without work.
Senior U.S. officials have reached out recently “through relevant parties multiple times,” hoping to start negotiations with China on tariffs, a spokesperson for the commerce ministry said in a statement Friday, reported CNBC.
While assessing the possibility of starting any negotiations, Chinese authorities reiterated Beijing’s request for the U.S. to remove all unilateral tariffs. Failure to do so would indicate “an outright lack of sincerity” from Washington and “further compromise mutual trust,” according to a CNBC translation.
“If the U.S. wants to talk, it should show its sincerity and be prepared to correct its wrong practices and cancel the unilateral tariffs,” according to the statement.
Trump declared he is not backing down for now on the tariffs at 145% but said the level would eventually be eased through negotiations.
Trump is the only President who hasn't been in China's "pocket" since they were allowed into the WTO. The tariffs are a way to equalize true "fair trade".