China is “evaluating” the possibility of participating in US trade talks

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China signaled on Friday that it may reopen the door to trade talks with Washington, saying it is still reviewing whether to join negotiations after last month’s sharp tariff increase ordered by President Donald Trump. In a written statement, the Commerce Ministry in Beijing said it had “taken note” that senior US officials have repeated their wish to speak with China about the tariffs. “The United States has recently sent messages to China through relevant parties, hoping to start talks with China,” the ministry said. “China is currently evaluating this.” The statement urged officials in the US capital to match their words with “sincerity.” The note gave financial markets fresh hope that the trade standoff between the world’s two largest economies might ease. Futures on the S&P 500 Index wiped out earlier losses during Asian hours, and a widely watched yardstick of regional shares moved into positive territory. Hong Kong’s Hang Seng China Enterprises Index climbed more than 1 percent, while mainland exchanges stayed shut for a holiday. In currency trading, the offshore yuan rose 0.3 percent to 7.2566 per dollar, and the Australian dollar extended its rebound. Talks would mark a shift in a dispute that has rattled businesses on both sides of the Pacific. Last month, Trump pushed import taxes on a broad range of Chinese goods to levels unseen in 100 years, and Beijing retaliated by raising its own tariffs. The U.S. president has said several times that Chinese leader Xi Jinping needs to contact him first if Beijing truly wants to bargain. Earlier this week, Treasury Secretary Scott Bessent told reporters that China must take the initial step to break the stalemate. “The high level of reciprocal tariffs on China is not sustainable, so the market expects the U.S. and China to start negotiating at some point,” said Woei Chen Ho, economist at United Overseas Bank Ltd. “The beginning of negotiations will likely drive market volatility…