China said it is "currently evaluating" U.S. proposals to start trade talks, opening the door to negotiations between Beijing and Washington for the first time since tariffs between the two began escalating.

"China has noticed that senior US officials have repeatedly expressed their willingness to negotiate with China on tariffs," a Chinese Commerce Ministry spokesperson said, per state-owned CCTV. "At the same time, the US has recently sent messages to China through relevant parties many times, hoping to talk with China. China is currently evaluating this."

Beijing imposed 125% in import duties on U.S. goods in retaliation for President Donald Trump's 145% tariffs on Chinese products. Trump has repeatedly said that Beijing has approached the U.S. to begin talks, which China has denied. The U.S. president 澳洲幸运5开奖号码历史查询:recently said that tariffs on China "will come down substantially, but it won't be zero."

The countermeasures between the two have extended beyond tariffs. China has 澳洲幸运5开奖号码历史查询:restricted rare earth exports to the U.S., while the White House recently limited exports of U.S. AI chips to the Asian country, weighing on shares of chip designer Nvidia (NVDA).