The U.S. just slapped a 245% tariff on Chinese products. China says it is open for talks if Trump shows “respect” and names a point person. US stocks rebound

China expressed openness to trade talks with the US on Wednesday, but under certain conditions. Beijing wants the Trump administration to show more “respect” and name a point person, as focus grows on the trade war between the world’s two largest economies.

ASML (ASML) spooked investors on Wednesday, reporting weaker-than-expected orders and admitting it can’t yet assess the impact of new US tariffs.

A day earlier, Nvidia (NVDA) said it was barred from selling its H20 chip to China, deepening the US-China tech rift. The twin developments underscore how the trade war is already hitting global firms hard — with consequences likely to ripple through chip earnings and China’s tech ambitions alike.

https://finance.yahoo.com/news/live/trump-tariffs-live-updates-china-signals-readiness-for-talks-if-us-shows-respect-191201642.html