US-China trade talks stalled, may need direct Trump-Xi talks: Bessent
US-China trade talks are a 'bit stalled', according to US treasury secretary Scott Bessent, who yesterday said concluding the deal would need direct talks between Presidents Donald Trump and Xi Jinping.
The two nations agreed to a 90-day tariff pause along with mutual reductions around two weeks back.
US-China trade talks are a 'bit stalled', US treasury secretary Scott Bessent has said. Concluding the deal would need direct talks between Presidents Donald Trump and Xi Jinping, he said. The progress since the truce in Geneva two weeks back has been slow, but he expects more talks with the Chinese side in the next few weeks, he told a TV network. Several large trade deals are near, he added.
The progress since the truce in Geneva has been slow, Bessent told a TV network. He, however, expects more talks with the Chinese side in the next few weeks.
'Given the magnitude of the talks, given the complexity ... this is going to require both leaders to weigh in with each other. They have a good relationship, and I am confident that the Chinese will come to the table when President Trump makes his preferences known,' Bessent added.
US secretary of state Marco Rubio announced early this week the Trump administration's decision to revoke visas of Chinese students in touch with the Communist Party of China or those enrolled in 'critical fields'. China has lodged a formal protest over this decision.
Bessent also told the TV channel that several large trade deals are near.
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