China's initial proposal to tariffs imposed by U.S. President Donald Trump's administration will centre on restoring the Phase 1 trade deal signed in 2020 during Trump's first term, the Wall Street Journal reported,

The Donald Trump administration had imposed tariffs on Mexican, Canadian and Chinese imports over fentanyl-related chemicals. Mexican President Claudia Sheinbaum announced an agreement with the US to suspend the tariffs for a month,

Beijing has proposed the return of the "Phase 1" trade deal that was originally signed during Trump's first administration, as the US ramps up tariff threats.

China is prepared to negotiate with the Trump administration on how it can make more investments in the US after the president’s decision to impose 10% tariffs on the country — and