China indicated openness for trade talks with the US under the condition that high tariffs should be removed

The Chinese Ministry of Commerce on Friday announced that the Beijing Trump was reviewing several major proposals from the Trump administration, indicating openness for trade talks with the US under the condition that the high American tariffs should be removed.
The Ministry has confirmed the desire to engage in China’s dialogue, while also warned that if necessary, is ready to take retaliation. The United States has imposed 145% tariffs on most imports from China. In vengeance, China imposed 125% tariff on American imports. It described these tariffs as a significant obstacle for progress, erasing mutual trust.
As tariffs imposed by the Trump administration on Chinese imports are effective, many companies in the US have started increasing the prices of products such as stroller, mattresses, power equipment and cookware. Tariff has increased the cost of importing goods and materials from China, making companies no option, but to pass these high costs on American consumers.
As the uncertainty around the tariff continues, gamers have begun to feel the impact of rising prices. This week, Microsoft enhanced the recommended retail of its Xbox console and controllers globally. Xbox Series S is now starting from $ 379.99 in the US, which is an increase of $ 80 from its initial launch price in 2020. Meanwhile, the more expensive Xbox series X saw an increase of $ 100, leading to its price to $ 599.99.
According to Port Director Jean Seroka, till 4 May, Port of Los Angeles is expecting up to 35% less cargo during the same week as last year. He attributed the sharp drop for the widespread shipment stop from China, given that “many retailers and manufacturers have hit even the punctuation button.”
Tech-Diggj Apple has recorded a strong-to-the-to-of-to-appropriate profits from the first-fourth profit, but has warned investors about the increasing burden of American tariffs. CEO Tim Cook Said that tariffs may cost around $ 900 million in the current quarter. While the effect was the first “limited” in the year, the situation has now become more complicated.
The global stock market increased on Friday, indicating a trade talks between Washington and Beijing. The US added 177,000 jobs last month – compared to previous months, but better than expected – to reduce the possibility of recession. European shares and US share jumped after reports, while Wall Street’s major index opened about 1% more and performed well throughout the morning.