China evaluates US proposal to start talks on the trade war
The Ministry of Commerce of China has confirmed that it is evaluating a proposal from the United States to start talks on the trade war between the two largest economies in the world.
What's happening?
- US President Donald Trump imposed tariffs of up to 145% on many imports from China.
- China responded with levies of 125% on products purchased from the US.
What's next?
- China is evaluating the US proposal to start talks on the trade war.
- There are no details on when these talks might start or what topics would be discussed.
What impact could it have?
- A possible resolution of the trade war could have a positive impact on the economies of both countries.
- However, if no agreement is reached, the trade war could continue to affect businesses and consumers in both countries.