Beijing is readying an opening bid to try to head off greater tariff increases and technology restrictions from the Trump administration—a sign that China is eager to get trade talks going. However, what it is prepared to offer,

Xi’s government swung back almost immediately after US levies came into force, dashing hopes that Beijing would reach a deal to avoid the tariffs. The Republican hours earlier granted Canada and Mexico a last-minute reprieve from a 25% tariff following leader talks.

The Wall Street Journal has reported, citing unnamed sources, that Beijing is preparing an opening bid to try to head off greater tariff increases and technology restrictions from the Trump administration,