In a significant development, the United States has reached out to China to initiate discussions on the steep tariffs imposed by President Donald Trump, signaling a potential thaw in the ongoing trade tensions between the two economic giants.

According to a report by Reuters, a social media account affiliated with Chinese state media, Yuyuan Tantian, revealed that the U.S. has proactively sought to engage China through multiple channels to address the 145% tariffs imposed on Chinese imports. This move suggests a willingness from both sides to explore avenues for negotiation, despite the absence of formal talks.

While Chinese officials have publicly condemned the U.S. tariffs as economic coercion, they have also indicated a limited openness to dialogue. Notably, China has prepared a list of U.S. goods, including pharmaceuticals, microchips, and jet engines, to be exempted from its retaliatory 125% tariffs, aiming to mitigate adverse effects on its domestic economy.

U.S. Treasury Secretary Scott Bessent and White House economic adviser Kevin Hassett have expressed optimism about easing trade tensions. Hassett mentioned that there have been "loose discussions" across both governments, and China's recent easing of duties on some U.S. goods could be a positive sign.

Despite these developments, Chinese officials have denied the existence of ongoing negotiations. Guo Jiakun, a spokesman for China's Foreign Ministry, stated that there are no consultations or negotiations on tariffs currently underway. However, he emphasized that China remains open to dialogue based on mutual respect and equality

The economic stakes are high, with analysts warning that a significant drop in exports to the U.S. could lead to substantial job losses in China. Nomura Securities predicts up to 16 million job losses if exports decline by 50%.

As both nations navigate this complex economic landscape, the international community watches closely, hopeful that constructive dialogue will prevail over escalating trade hostilities.