China's He says MOFCOM advises Chinese firms to seek a refund of US tariffs; US tax refund measures are a positive step in correcting mistakes

This headline signals a potential easing of tensions in US-China trade relations, indicating that China is encouraging its firms to pursue refunds on US tariffs.

Newsquawk StaffPublished 23 Apr 2026, 07:36 UTCOn the live feed at 07:16 UTC — 4 more headlines followed before this page went public

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07:30

German S&P Global Composite PMI Flash (Apr) 48.3 (Prev. 51.9, Low. 50.2, High. 52); "Faced with rapidly increasing costs, firms raised average prices ... at the quickest rate in over three years in April, in a sign of widening inflationary pressures"

07:20

EUROPEAN OPEN: RNO FP revenue rises despite adverse weather impact; STMPA FP reports higher sales on strong AI demand; OR FP sales rise on US/EM growth; ROP SW sales fall on copycat competition and FX; NESN SW sales beat, guidance maintained

07:16

China's He says MOFCOM advises Chinese firms to seek a refund of US tariffs; US tax refund measures are a positive step in correcting mistakes

07:15

French S&P Global Composite PMI Flash (Apr) 47.6 (Prev. 48.8, Low. 48, High. 49.5); "What's most notable is that the passthrough to prices charged for goods and services remains contained"

07:15

French S&P Global Manufacturing PMI Flash (Apr) 52.8 vs. Exp. 49.5 (Prev. 50.0, Low. 48.8, High. 50)

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Context

This could be seen as a conciliatory move by China, which may foster a more favorable trading environment and impact sentiment across commodities and equities tied to trade exposure. Watch for possible market reactions in related sectors and the broader implications for trade policy.

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