BEIJING: China said on Wednesday (Apr 23) the door was "wide open" for trade talks with Washington, a day after US President Donald Trump signalled the possibility of a "substantial" lowering of tariffs on Beijing.

Japan had long maintained deep economic ties with both China and the United States. Recent trade tensions may challenge that approach.

Treasury Secretary Scott Bessent told private investors during a meeting on Tuesday that the spiraling trade war between the United States and China was unsustainable and that he expects a "de-escalation" soon, according to a report from the Associated Press (AP). Newsweek has reached out to the White House for comment on Tuesday.