China Signals It Will Accept Trump’s Push to Rebuild Tariff Wall

China indicated it would accept some increase in US tariffs to a level agreed upon last year and would continue talks to extend a trade truce — a sign ties between the world’s two largest economies are further stabilizing.

“We hope that the US will honor its commitments and that, regardless of the reasons given for imposing or replacing tariffs on China in the future, the level of US tariffs on China will not exceed the level” agreed upon at negotiations in Kuala Lumpur back in October, the Commerce Ministry in Beijing said in a Wednesday statement.

Trade teams from ...