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US Treasury Secretary Scott Bessent says stalled US-China trade talks may need direct Trump-Xi involvement. Despite a 90-day truce, major economic issues between the two nations remain unresolved.
US Treasury Secretary Scott Bessent. (AP Photo)
UPDATED: May 30, 2025 06:00 IST
US Treasury Secretary Scott Bessent said Thursday that trade negotiations with China are currently stalled and may require direct involvement from President Donald Trump and Chinese President Xi Jinping to move forward. Speaking to Fox News, Bessent highlighted the complexity of the talks and said progress has slowed since the temporary 90-day truce reached earlier this month.
"Given the magnitude of the talks, given the complexity ... this is going to require both leaders to weigh in with each other," Bessent said, expressing confidence that China would respond once Trump makes his position clear.
The temporary deal helped calm markets but failed to address deeper US concerns about China's state-controlled economic model. Since then, the Trump administration has turned its focus to trade talks with other partners, including Japan, India, and the EU.
Published By:
Aashish Vashistha
Published On:
May 30, 2025
