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Bessent: U.S.-China trade talks "a bit stalled"
Source: Axios
8 hours ago
Treasury Secretary Scott Bessent said Thursday President Trump and Chinese leader Xi Jinping may need to hold a phone call to overcome stumbling blocks in trade negotiations.
The big picture: Bessant helped the U.S. strike a deal with China following a summit in Switzerland earlier this month that saw the world's two largest economies agree to slash tariffs for 90 days.
Officials in China welcomed the U.S. Court of International Trade's blocking most of Trump's sweeping tariffs on Wednesday, which a federal appeals court temporarily stayed a day later.
What they're saying: "I would say that they are a bit stalled," Bessent said of the negotiation situation on Fox News. "I believe that we will be having more talks with them in the next few weeks."
Bessent told Fox News' Bret Baier the U.S. and Chinese leaders may, at some point, have to hold a call.
Read more: https://www.axios.com/2025/05/30/bessent-us-china-trade-talks-a-bit-stalled
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