Officials in Beijing said they want Washington to “show sincerity,” as it evaluates purported overtures by the U.S. to start trade negotiations.

Despite mounting financial pressure, China says it won’t negotiate until the Trump administration shows “sincerity” by canceling tariffs on its goods.

China said it is "currently evaluating" U.S. proposals to start trade talks, opening the door to negotiations between Beijing and Washington for the first time since tariffs between the two began escalating.