It looks like the trade war between the U.S. and China may finally be winding down as Asian markets tumbled to an 11-year low today as a result of President Trump’s latest tariffs on $550 billion in Chinese goods. Now, China has signaled they are ready to talk.
According to the Wall Street Journal, “Trump said Monday that officials from China called U.S. officials and expressed interest to ‘get back to the table.’ He called the discussions a “very positive development.”
“They want to make a deal. That’s a great thing,” said the President.
“News of the possible opening in negotiations came shortly after President Trump threatened to declare a national emergency that would result in American businesses freezing their relationships with China. Trump’s tariff barrage on Friday was a response to China imposing its own retaliatory tariffs on $75 billion in U.S. goods,” reports Fox News.
“China is willing to resolve its trade dispute with the United States through calm negotiations and resolutely opposes the escalation of the conflict,” said Chinese Vice Premier Liu He, China’s top trade negotiator.
U.S. officials have indicated they are ready to come to the table as well. On Sunday, Treasury Secretary Steven Mnuchin told reporters that if “China would agree to a fair and balanced relationship, we would sign that deal in a second,” reports Fox News.
U.S. markets opened strong Monday morning in response to the news.
Read the full report at Fox News.