China open to talks with Trump admin on lowering tariffs, ministry says

China is “evaluating” an offer from the U.S. to hold talks on tariffs, according to a Friday statement from the Chinese Commerce Ministry. This shift in tone could leave the door open for the world’s two largest economies to deescalate the trade war that has left global markets in turmoil.

"The U.S. has recently taken the initiative on many occasions to convey information to China through relevant parties, saying it hopes to talk with China," the ministry said in a statement, according to a Reuters translation. The ministry also said that Beijing was “evaluating this.”