Despite President Donald Trump’s claim that he had received a visit from Chinese leader Xi Jinping, China has continued to hold business talks with the US.
Trump just stated,” He’s called,” in an interview with Time magazine that was released on Friday. He did not specify when the alleged conversation took place or what was discussed. And I don’t believe that indicates failure on his part.
On Thursday, the Chinese Commerce Ministry had now denied any discussions were taking place. Beijing’s embassy in Washington reiterated that statement on Saturday, saying” there haven’t been any sessions or agreements between China and the United States on tax problems, let alone any deal.”
The consulate added that US ideas of continuous dialogue were “nothing but misleading” and stressed that” This trade conflict was initiated by the US area” without naming Trump or Xi immediately. The US must first learn from its mistakes, cease threatening and pressuring others, and end all coercive tax measures against China if it really wants to find a solution through speech.
Trump has imposed tariffs of up to 145 % on Chinese goods, prompting retaliatory tariffs of 125 % from China, which has caused the world’s two largest economies to escalate quickly. Trump has suggested that deals with various trading partners could be made public in the coming days, telling Time:” There’s a range at which they will feel comfortable. However, you doesn’t allow them to rob us of a trillion dollars.
However, the position of the discussions is ambiguous. Trump has stated that new internal tariffs will be set, but he has also acknowledged that holding all important meetings is “physically impossible.” Both Chinese officials and Treasury Secretary Scott Bessent claimed that discussions have not yet begun.
Businesses and international leaders are both concerned about the confusion. Finance officials at the International Monetary Fund meeting expressed disappointment over the lack of quality, while the Federal Reserve’s most recent Beige Book reported a rise in business confusion. There isn’t a clear plan at the moment regarding what the taxes are supposed to accomplish, according to Joseph Lipsky of the Atlantic Council.
Different nations are attempting to join. While South Korea and the Euro are also requesting price reductions, according to Swiss President Karin Keller-Sutter, who has been assigned a phone man for wealthy conversations. US businesses are currently dealing with higher rates and falling goods. Since the introduction of tariffs, CEO of Flexport Ryan Petersen has revealed that sea container orders from China to the US have fallen by over 60 % industry-wide.
