China said on Friday that it was "evaluating" a U.S. offer to hold talks on tariffs, signaling a possible shift in the trade war between the world's two largest economies.

President Donald Trump has closed a tariff loophole that allowed Chinese e-commerce giants like Shein and Temu to sell low-cost goods in the U.S. without paying duties—a move that is expected to drive up prices for American consumers.

President Donald Trump signed an executive order to relax some auto tariffs, though the industry won't see a total exemption.