China Open to Trade Talks with US if Trump Shows Respect, Appoints Point Person Amid 145% Tariffs, Taiwan and Sanctions Concerns

China has expressed its willingness to engage in trade talks with the United States, provided that President Donald Trump's administration demonstrates respect and appoints a designated point person for the negotiations. This condition comes in response to what China perceives as disrespectful rhetoric from members of Trump's cabinet, including comments by Vice President JD Vance about 'Chinese peasants.' In addition to seeking a more respectful dialogue, China is looking for a consistent U.S. position and a commitment to address its concerns regarding American sanctions and the situation with Taiwan. Beijing's demands reflect a desire for clarity and stability in U.S. policy towards China, especially after the U.S. barred Nvidia Corp. from selling its H20 chip in China, escalating the tech fight between the two nations. The global economy and financial markets are closely watching these developments, as the outcome of U.S.-China trade relations could significantly impact international trade. Trump has imposed tariffs of 145% on most Chinese goods, leading to retaliatory measures from China and threatening to disrupt trade between the world's two largest economies. Following the news, the offshore yuan gained 0.2% against the dollar, the Australian dollar advanced 0.5%, and S&P 500 futures pared losses from as much as 1.6% earlier in the session.