US has reached out to China to initate tariff talks, claims Beijing state media

China said Friday it is evaluating a US offer for negotiations on tariffs but wanted Washington to show "sincerity" and be ready to scrap levies that have roiled global markets and supply chains.

Punishing US tariffs that have reached 145 percent on many Chinese products came into force in April while Beijing has responded with fresh 125 percent duties on imports from the United States.

High-end tech goods such as smartphones, semiconductors and computers have received a temporary reprieve from US tariffs.