Trade negotiations between the United States and China have reached an impasse, with both sides awaiting potential involvement from their respective leaders to break the deadlock, according to a report on Thursday.
What Happened: Trade discussions between the United States and China have encountered a slowdown. U.S. Treasury Secretary Scott Bessent indicated. He described the negotiations as “a bit stalled.”
Bessent said that achieving a final agreement might require direct input from President Donald Trump and China’s President Xi Jinping, reported Reuters.
Two weeks have passed since breakthrough negotiations led by Bessent resulted in a temporary truce in the ongoing trade conflict between the two largest global economies. However, Bessent mentioned to Fox News that progress has been sluggish since then.
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