The United States has approached China to seek talks over President Donald Trump's 145% tariffs and Beijing's door is open for discussions, China's Commerce Ministry said on Friday, signalling a potential de-escalation in the trade war.

The signals from Beijing helped lift market sentiment across Asia. S&P 500 futures erased earlier losses, regional equities rebounded, and the offshore yuan strengthened.

Beijing again seeks end to Trump’s tariffs and calls for “sincerity.”