Trade talks between the United States and China have hit a snag, according to Treasury Secretary Scott Bessent, who said Thursday the discussions are “a bit stalled.” His remarks come less than three weeks after both nations agreed to roll back some tariffs in a temporary truce to ease tensions between the world’s two largest economies.
What to Know:
- Treasury Secretary Scott Bessent told Fox News that talks have slowed
- The U.S. and China agreed earlier this month to reduce tariffs
- Bessent said a Trump-Xi call could help move negotiations forward
- A U.S. court ruled Trump overstepped on tariffs; ruling is on hold
- Trump said the decision was “horrific” and wants the Supreme Court to intervene
- U.S. trade talks with Japan are also ongoing this week in Washington
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