U.S.-China trade talks are currently “a bit stalled,” prompting Treasury Secretary Scott Bessent to suggest that direct communication between the leaders of both countries may be necessary. In a recent Fox News interview, Bessent noted that further discussions could occur in the upcoming weeks, potentially including a call between President Donald Trump and Chinese President Xi Jinping.
After an increase in trade tensions, Bessent played a key role in a significant agreement made on May 12 in Switzerland, where both nations decided to suspend recent tariff hikes for 90 days. While diplomatic discussions have continued, the U.S. has implemented technology restrictions against China, which has drawn criticism from Beijing, while China has not substantially eased its controls on rare earths, disappointing U.S. expectations.
Bessent emphasized the complexity of negotiations, stating that both leaders need to be directly involved. He expressed confidence that China would engage constructively once Trump articulates his positions clearly. The last conversation between Trump and Xi occurred in January before Trump’s second inauguration. Observers believe China will only agree to a new call if assured that there will be no unexpected developments from the U.S.
Chinese officials, including Ministry of Commerce spokesperson He Yongqian, have maintained ongoing communication since the Swiss agreement. However, He called on the U.S. to rectify its chip export controls, asserting that China’s actions align with international norms aimed at preserving global peace and stability. Additionally, the Trump administration’s recent decision to revoke visas for Chinese students has been criticized by China as unjustified, suggesting a further deterioration in bilateral relations.
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