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

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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

https://twitter.com/1CoastalJournal/status/1912364551649341764

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