China says that it is evaluating the possibility of commercial conversations with the US.

China said that it is evaluating the Oberturas of the United States to initiate commercial negotiations, potentially racing the way for the two largest economies in the world to begin conversations to resolve a commercial war that has rumbled the financial markets and launch a little about world economic activity.

High American officials have recently reported “through relevant parties several times”, hoping to start negotiations with China in rates, said a spokesman for the Ministry of Commerce in a statement Friday.

When evaluating the possibility of starting any negotiation, the Chinese authorities reiterated the Beijing application for the United States to eliminate all unilateral rates. Otherwise, it would indicate “a lack of sincerity” of Washington and “further compromises mutual trust,” according to a translation of CNBC.

“If the United States wants to speak, you must show your sincerity and be prepared to correct your incorrect practices and cancel unilateral rates,” according to the statement.

The president of the United States, Donald Trump, has slapped tariffs of 145% in Chinese products imported this year, which led China to impose 125% retaliation levies. Until now, both parties have tried to print the economic impact of tariffs by granting exemptions on certain critical products.

Yuan on the high Mar Chinese strengthened 0.14% to 7,2665 against the US dollar after the statement. While China’s land markets are closed by a vacation, Hong Kong Hang Seng The index increased 1.2% in the open.

Beijing’s latest comments follow a wave of contradictory statements of the Trump administration and Chinese leadership about whether the conversations were underway, and both parties wanted to avoid being seen as the first to retreat.

Separately, the United States Secretary of State, Marco Rubio, told Fox News Hannity that “Chinese want to meet and talk,” according to Reuters, while indicating that such conversations will arise soon.

“We need to observe these words exchanges with a pinch of salt,” said Tianden Xu, a senior economist of the Economist Intelligence Unit, adding that both parties are “waiting for the other side to blink first.”

He believes that certain work level commitments may have occurred, or are about to occur, which could result in rates rates are reduced to “less devastating” levels from 40% to 50% in the following one or two quarters.