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.
