Group 1 - The article discusses the ongoing trade tensions between the US and China, highlighting that China has not responded to US negotiation hints, suggesting a potential breakdown in discussions over tariffs [1][3] - Recent statements from China's Ministry of Commerce indicate a possible shift in tone, with the ministry acknowledging that the US has been reaching out for talks, which may signal a willingness to engage under certain conditions [3][5] - The article emphasizes that for any dialogue to be meaningful, the US must demonstrate genuine goodwill by correcting its unilateral tariff measures, as China is firm on its stance of "fighting back if necessary" while keeping the door open for negotiations [5][7] Group 2 - Japan's Prime Minister Shigeru Ishiba has taken a strong stance against US tariffs, indicating that Japan will not compromise its national interests for a quick resolution, reflecting a newfound confidence possibly influenced by China's assertiveness [7][9] - Japan holds a significant amount of US Treasury bonds, which could serve as leverage in trade negotiations, with officials suggesting that these bonds are not merely for supporting the US but could be used strategically [9][10] - The article suggests that both China and Japan, as major holders of US debt, may collaborate to counter US pressure, potentially leading to a more cautious approach from the US in its trade policies [9][10]