INSEAD Day 4 - 728x90

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

US reaching out to China for tariff talks: Beijing state media

A worker works in a textile and garment manufacturing enterprise in Binzhou City, Shandong Province, China, on April 23, 2025. AFP
  • Punishing US tariffs that have reached 145 percent on many Chinese products came into force in April, while Beijing has responded with fresh 125 percent duties on US imports
  • Beijing has vehemently denied any talks are taking place while repeatedly urging the United States to engage in dialogue in a "fair, respectful and reciprocal" manner

Beijing, ChinaUnited States officials have reached out to their Chinese counterparts for talks on vast tariffs that have hammered markets and global supply chains, a Beijing-backed outlet said on Thursday citing sources.

Punishing US tariffs that have reached 145 percent on many Chinese products came into force in April, while Beijing has responded with fresh 125 percent duties on imports from the United States.

And on Thursday Yuyuan Tantian, a Chinese outlet linked to state broadcaster CCTV, said citing sources that Washington was “proactively” reaching out to China via “multiple channels” for talks on the tariffs.

“From a negotiation standpoint the US is currently the more anxious party,” the outlet, which blends analysis with news reporting, said on the X-like platform Weibo.

“The Trump administration is facing multiple pressures,” it added.

AFP has reached out to China’s foreign ministry for comment.

US President Donald Trump has repeatedly claimed that China has reached out for talks on the tariffs.

And on Wednesday Trump reiterated there was a “very good chance we’re going to make a deal”.

“But we’re going to make it on our terms and it’s got to be fair,” he told a NewsNation “town hall”.

Beijing has vehemently denied any talks are taking place while repeatedly urging the United States to engage in dialogue in a “fair, respectful and reciprocal” manner.

But it has also said it will fight a trade war to the bitter end if needed, with a video posted on social media this week by its foreign ministry vowing to “never kneel down!”