China may offer cooperation on fentanyl as a diplomatic “icebreaker” to restart trade talks with the U.S., following months of economic pain and escalating tariffs under Trump’s second presidency. According to The Wall Street Journal, Beijing is considering sending security chief Wang Xiaohong to meet U.S. officials, reflecting a shift in tone after previously demanding tariff relief as a precondition. Trump imposed 20% tariffs on China early in his second term, citing its role in the U.S. drug-overdose crisis, but Beijing dismissed the move as a pretext for broader trade aggression. Both countries have escalated tariffs causing trade to collapse, fueling U.S. inflation, and pushing China toward a deep recession. China’s Commerce Ministry said it is reviewing ongoing U.S. messages signaling a willingness to negotiate on tariffs.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02China may offer cooperation on fentanyl as a diplomatic icebreaker to restart trade talks
00:07with the U.S. following months of economic pain and escalating tariffs under Trump's second
00:11presidency. According to the Wall Street Journal, Beijing is considering setting security chief
00:16Wang Jiahong to meet U.S. officials, reflecting a shift in tone after previously demanding tariff
00:23relief as a precondition. President Trump boasts 20 percent tariffs on China early in his second
00:28term, citing its role in the U.S. drug overdose crisis. But Beijing dismissed the move as a
00:33pretext for broader trade aggression. Both countries have escalated tariffs, causing trade
00:38to collapse, fueling U.S. inflation, pushing China toward a deep recession. China's Commerce
00:44Ministry said it is reviewing ongoing U.S. messages, signaling a willingness to negotiate
00:49on tariffs. For all things money, visit Benzinga.com slash GSTV.