China expressed openness to trade talks with the US on Wednesday, under certain conditions, even after the White House clarified that "China now faces up to a 245% tariff on imports to the United States.

In a Tuesday social media post, President Donald Trump claimed he will protect farmers and said he recognizes he had to support them financially during his first administration after they were hit by a trade war with China.

The White House said China is facing up to a 245 percent tariff on imports to the U.S. "as a result of its retaliatory actions," as the trade war between the world's two largest economies continues to heat up.