Summary
President Donald Trump claimed that trade discussions between the US and China are ongoing, contradicting China’s assertion that no talks have occurred. While a White House official noted that lower-level discussions had taken place, Chinese Foreign Ministry spokesperson Guo Jiakun labeled such reports as “false news.” The conflicting statements highlight the tense communication between the two nations, causing market volatility and economic strain, with Trump and Treasury Secretary Scott Bessent suggesting a need for decreased tariffs to facilitate future negotiations.
