China has publicly acknowledged U.S. efforts to start tariff talks after nearly seven years of trade tensions. Beijing said it is “evaluating” offers from the Trump administration, which recently imposed tariffs of up to 145% on Chinese imports. The shift comes amid deepening economic pain in China—falling exports, canceled orders, and factory slowdown—prompting signs of a tactical rethink, though Beijing warns against coercion.

BulletsIn

• China confirms it’s reviewing U.S. overtures to talk tariffs
• First open sign of possible shift in China’s trade stance
• Trump raised duties to historic levels, up to 145%, in April
• China’s exports, PMI, and cargo volumes all declined
• Major U.S. orders canceled; factories losing millions
• Traders, markets sense thaw; Asian stocks, yuan rise
• Beijing creates exemption list, plans more stimulus
• Still demands U.S. show “sincerity” before formal talks
• Trump says deal “very possible,” Rubio calls China’s move necessity
• China denies pressure but quietly changes tone and tactics