US-China Talks 'Stalled' Says Bessent, Trump's Tariff Reprieve
US Treasury Secretary Scott Bessent said trade talks with China are 'a bit stalled,' and that a call between President Donald Trump and his counterpart Xi Jinping may be needed for the world's two largest economies to reach a deal. 'I would say that they are a bit stalled,' Bessent said of the talks in an interview with Fox News Thursday. Bessent, who traveled to Switzerland earlier this month for talks with Chinese officials that saw both sides retreat from tariffs over 100% on each other's goods, said he believes more talks will happen with Chinese officials 'in the next few weeks.'. Meanwhile US stock futures fell as traders navigated renewed uncertainty about President Trump's tariff policies and their impact on the American economy. Today's guests: Charlotte Ryland, CCLA Investment Management Head of Investments, Marta Prochwicz, European Council on Foreign Relations Warsaw Office Deputy Head (Source: Bloomberg)
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