China expressed openness to trade talks with the US on Wednesday, under certain conditions, even after the White House clarified that "China now faces up to a 245% tariff on imports to the United States.

China has called on the US to cancel its sweeping tariffs on Chinese goods entering the country as a sign that the President Donald Trump is serious about resolving the trade war between the two countries.

President Donald Trump told reporters on Wednesday (April 23) that the U.S. will have a "fair deal" with China, after a source familiar with the matter said the White House is considering lowering tariffs.