China and US in Tariffs Standoff: Conditions for Negotiations

China is contemplating entering trade talks with the United States, but insists that the US first lift its unilateral tariffs on Chinese goods. Beijing is firm in its stance, demanding sincerity from Washington by correcting 'wrong practices' before any meaningful negotiations can take place.

Both nations have imposed steep tariffs on each other's imports, escalating economic tensions between them. The US has recently ended a tariff exemption for small parcels, affecting many businesses that rely on low-value imports from China.

This move has led some retailers to halt shipments to the US due to increased costs. Despite these challenges, both countries express willingness to negotiate, but remain at odds over the precondition of lifting tariffs.

Meanwhile, China's manufacturing sector faces slowdowns, exacerbated by the ongoing trade conflict. As the US and China edge closer to potential negotiations, the European Union finds itself caught between the superpowers, navigating its interests amidst the global tariff war.