China appointed a new vice minister of commerce and chief trade negotiator amid escalating tariff tensions with the U.S., according to CNBC. Analysts said the abrupt change may signal a leadership recalibration as Beijing prepares for future talks with the U.S., which have stalled since President Donald Trump imposed 145% tariffs on all Chinese imports. China retaliated last week with tariffs of up to 125%. White House press secretary Karoline Leavitt said Tuesday the administration is open to a deal but expects Beijing to make the first move.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02China appointed a new Vice Minister of Commerce and Chief Trade Negotiator amid escalating
00:07tariff tensions with the U.S., according to CNBC. Analysts said the abrupt change may signal a
00:12leadership recalibration as Beijing prepares for possible future talks with the U.S., which have
00:17stalled since President Donald Trump imposed 145% tariffs on all Chinese imports. China retaliated
00:24last week with tariffs up to 125%. White House Press Secretary Caroline Levin said Tuesday in
00:29the administration is open to a deal but expects Beijing to make the first move.
00:33For all things money, visit Benzinga.com slash GSTV.