$ETH President Trump has just signaled the possibility of tax reductions with China, but Beijing does not see this as a sign to concede.

"We will reach a fair deal with China. It has to be fair. We will help everyone make money and everyone will be happy, as long as the U.S. is no longer taken advantage of by the whole world," U.S. President Donald Trump told the press at the White House on April 23, later adding that the U.S. "is proactively communicating every day" with China about trade negotiations.