Negotiations in disarray! Trump confirms US is in talks with China, but China denies discussions

Despite China's denial that there were any trade talks, President Trump has confirmed that US officials have met with their Chinese counterparts, signalling that the US remains open to talks.

April 24, 2568 at 23.39:XNUMX, Bloomberg reported that Donald Trump, President of the United States Said on April 24, 68 during a meeting with the Norwegian Prime Minister that

The US government is in talks with China over trade after China denied any talks were taking place and called on the US to lift all unilateral tariffs.

When asked by reporters about China's statement, Trump said: “There was a meeting this morning.” Asked further if any US officials were participating in the talks, Trump replied: “It doesn’t matter who it is, we may reveal it later, but there was a meeting this morning and we are negotiating with China,”

The remarks reflect the growing discord between the United States and Beijing, as the governments ofPresident Xi Jinping Still holding firm despite Trump recently signaling he might reduce tariffs on China

He Yadong, spokesman for China's Ministry of Commerce On April 24, 68, in Beijing, it said that rumors that there had been progress in the negotiations were groundless and called on the United States to show sincerity if it wanted to reach an agreement.

“The United States should listen to rational voices from the international community and its own country and eliminate all unilateral tariffs if it wants to truly solve the problem,”

The remarks suggest that Trump's signaling he will cut tariffs, currently at 145% on most Chinese goods, may not be enough to ease tensions.

Trump said Wednesday that “Everything is underway.” When asked if he was in talks with China, he said China would do well once the talks were over.

Trump has tried to call Xi Jinping several times since returning to office, but the Chinese leader has yet to respond, with Bloomberg News reporting that China wants the US to show more deference, including appointing a person in charge of formal negotiations.

Other conditions from China included a firm U.S. stance, a willingness to discuss sanctions, and Taiwan, an island that China insists it will annex, either peacefully or by force. On April 24, 68, Trump changed his tone again, criticizing China for not accepting Boeing's delivery of the plane and its role in the illicit fentanyl trade.

Trump posted on social media that “Boeing should sue China for not accepting completed aircraft that China had ordered… Also, fentanyl continues to flow into the US from China, via Mexico and Canada, killing hundreds of thousands of people, and it must be stopped now!”

China has responded cautiously to Trump's tariffs, calling the high tariffs meaningless and warning other countries against making deals with the US that could hurt China's interests.

Trade tensions have spilled over to other issues, with China's defense ministry blaming bias from some in the United States for hindering interactions between the two countries' militaries.

Policy support: It remains to be seen what stimulus measures China will roll out to cushion the blow from tariffs that hit exports, which drove 40% of the economy in the first quarter. A Politburo meeting in April, which is typically economic, could provide a clue.

However, Larry Hu, chief China economist at Macquarie Group, said it was too early for China to fully embrace stimulus, as “it would be easier for Trump to withdraw his tariff threat than for China to withdraw its stimulus.”

China often uses stimulus when necessary to maintain its growth target, which expanded 2568% in the first quarter of 5.4, above its target of around 5%.

The statement from China's commerce and defense ministry came hours after Pan Gongsheng, Governor of the People's Bank of China Warns that continued conflict could undermine confidence in the global economy

“All parties should strengthen cooperation and try to prevent the global economy from entering a ‘high friction, low confidence’ path,”

refer : bloomberg.com

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