China ‘evaluates’ U.S. trade talks.

• China is open to talks with the Trump administration, but insists on removing steep tariffs imposed by the US.

• The ministry argues that one-sided tariffs of up to 145% are an obstacle and undermine trust.

• China acknowledges the US’s willingness to negotiate over tariffs, but views overtures without a change in Trump’s sharp tariff hikes as insincere.

• Share prices in Hong Kong and Taiwan rose 1.7% and 2.2% respectively due to the public holiday.

• The Trump administration is ending a duty-free exemption on low-value imports from China, leading to higher prices and delivery delays.

• China has raised its own duties on imports of U.S. products to up to 125% and tightened restrictions on exports of strategically important minerals.