US Halts Trade Talks With China
According to a report by webangah News Agency, US Treasury Secretary Scott besant announced that trade negotiations between the United States and China have stalled and may necessitate direct involvement from the presidents of both countries.
In April, US President Donald Trump raised tariffs on Chinese goods to as high as 145%, calling it a response to an “unfair trade imbalance.” Beijing retaliated by increasing its own tariffs up to 125%. Earlier this month, the two nations agreed to reduce or suspend most new tariffs for 90 days to allow further negotiations.
During an interview with Fox news on Thursday, Besant confirmed the current deadlock in talks: ”I can say thes negotiations have somewhat stalled.” He added that additional discussions are planned in the coming weeks and that Trump may soon hold a phone call with Chinese President xi Jinping.
“Given the scale and complexity of these discussions,” Besant emphasized, “it’s necessary for both leaders to personally engage. They share an excellent relationship. I’m confident China will eventually return to the negotiating table.”
The report notes that on Thursday, a US Federal Appeals Court overturned a previous ruling by the US Court of International Trade that had suspended tariffs. Consequently, these tariffs will remain in effect at least until June 9.
Besant criticized judicial interference in tariff matters as ”highly inappropriate,” stressing that even the US Senate has refrained from rejecting Trump’s trade policies. “The president has every right to set America’s trade agenda,” he stated. “any court intervention-whether regarding commerce or lost tariff revenue-harms American citizens.”
China has condemned Trump’s tariffs as tools for advancing “US hegemonic ambitions at the expense of other nations’ legitimate interests.” Chinese Foreign Ministry spokesperson Mao ning said Thursday: “Trade wars and tariff wars have no winners. Protectionist policies damage all parties’ interests and ultimately prove unpopular.”
