Trade negotiations between the United States and China have hit a snag, less than three weeks after a temporary truce saw both countries agree to scale back tariffs. U.S. Treasury Secretary Scott Bessent described the discussions as "a bit stalled" in an interview with Fox News on Thursday, citing the complexity of the issues at hand.
바카라I think that given the magnitude of the talks, given the complexity, this is going to require [leaders of both countries] to weigh in with each other,바카라 Bessent said, suggesting direct engagement between President Trump and Chinese President Xi Jinping may be necessary to move talks forward.
The remarks come on the heels of a partial trade détente reached earlier this month during negotiations in Switzerland. As part of the agreement, both countries pledged to reduce or suspend several tariffs for a 90-day period ending May 14. The United States lowered tariffs on Chinese imports from 145% to 30%, while China cut retaliatory duties on U.S. goods from 125% to 10%.
Despite that progress, Bessent acknowledged that momentum has waned in pursuing a broader deal. 바카라I believe we will be having more talks with [China] in the next few weeks,바카라 he said. 바카라And I believe we may at some point have a call between the president and President Xi.바카라
Bessent emphasized the cordial relationship between the two leaders and expressed optimism that Beijing would return to the negotiating table once President Trump outlines his expectations. 바카라They have a very good relationship,바카라 he said. 바카라I바카라m confident that the Chinese will come to the table when President Trump makes his preferences known.바카라
The trade discussions have unfolded alongside a recent legal setback for the Trump administration's tariff strategy. On Wednesday, a federal ruling found that President Trump had overstepped his authority in implementing some aspects of his global tariff regime. However, the White House바카라s appeal has temporarily reinstated those measures.
Tariffs have been a central pillar of Trump바카라s trade policy, aimed at reducing the U.S. trade deficit and encouraging domestic manufacturing by making foreign goods less competitive. The administration has used them as bargaining chips in negotiations with multiple trading partners, including China.
While both sides publicly committed to easing tensions earlier this month, the latest remarks from Bessent signal that a lasting resolution remains elusive.
