US EditionU.S.-China talks ‘a bit stalled’ and need Trump and Xi to weigh in, Treasury Secretary Bessent says
UNITED STATES, MAY 30 – Negotiations have paused after a May 12 truce reducing tariffs significantly, with unresolved issues requiring direct talks between Presidents Trump and Xi, Treasury Secretary Scott Bessent said.
- Discussions on trade matters involving the U.S. and China have recently hit a standstill, despite prior advancements made in Geneva.
- This deadlock follows a temporary truce reached in mid-May after escalating tariff impositions and complex trade conflicts.
- Negotiations led by U.S. Treasury Secretary Scott Bessent included tariff rollbacks and visa restrictions but faced sluggish momentum afterward.
- Bessent indicated that the situation calls for direct involvement from the top leaders of both nations and expects that additional discussions and possibly a phone conversation between them will take place soon.
- The stalled talks imply that direct involvement from President Trump and President Xi Jinping remains crucial to break the deadlock and finalize agreements.
80 Articles
80 Articles
White House officials and senior Chinese officials are working to arrange a phone call between US President Donald Trump and Chinese President Xi Jinping, CNN reported, citing two unnamed senior White House officials.
The Mexican peso depreciates itself before the dollar on the last day of May in the midst of aversion to risk by trade negotiations between the US and China. Treasure Secretary Scott Bessent admitted that talks with Beijing are stalled, and that a conversation between President Donald Trump and Xi Jinping may be necessary. “I reached a quick agreement with China to save them from what he thought was going to be a very bad situation, and he didn’…
America First Report
Uncanceled NewsBessent: U.S.-China Trade Talks “Stalled,” Might Require Trump-Xi Call
(Zero Hedge)—Treasury Secretary Scott Bessent said President Trump and Chinese President Xi Jinping may need to hold a direct phone call to overcome stalled trade talks between the two global economic powers. The talks hit new obstacles late this week, just as the U.S. tightened screws on Beijing by suspending exports of jet engine parts and advanced semiconductor technologies. “I would say that they are a bit stalled,” Bessent told Fox News’s B…
The trade war unleashed by Donald Trump with his main trading partners is advancing at an accelerated and uncertain pace.After a court of appeal has lifted the blockade of justice to the tariffs that the president set last April 2nd on the so-called 'Liberation Day', the U.S. Treasury Secretary, Scott Bessent, has warned that trade talks with China are "a little stagnant."In his opinion, a call between Trump and his Chinese counterpart, Xi Jinpi…
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