China confirms it's reviewing a US offer for trade negotiations, despite previous denials of ongoing talks. While China emphasizes the need for US sincerity and rejects coercion, both sides have implemented tariff exceptions. Recent economic data shows slowing Chinese factory activity, attributed to external factors. The US recently closed a tariff loophole impacting Chinese exporters. Despite ongoing tensions, a US official expresses confidence in a future trade deal.

Prepared by Christopher Adams and reviewed by editorial team.