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  • 7 months ago
U.S.-China trade talks have stalled just weeks after a temporary truce, though Treasury Secretary Bessent expects renewed discussions, possibly including direct talks between President Donald Trump and Premier Xi Jinping.
Transcript
00:00Meanwhile, trade talks between the US and China have stalled,
00:04just two weeks after Treasury Secretary Scott Besson brokered a temporary truce in the trade war.
00:10Besson told Fox News that progress has slowed, but he expects more talks in the coming weeks,
00:16possibly even direct talks between US President Donald Trump and China's Premier Xi Jinping soon.
00:22The 90-day pause on tariffs had sparked a global market rally, but momentum has faded.
00:28Since then, Washington has shifted focus to trade talks with other major trading partners.
00:34Besson says countries like Japan are negotiating in good faith with a delegation heading to Washington tomorrow,
00:41undeterred by the recent trade court ruling.
00:43On Wednesday, a US trade court ruled that Trump exceeded his authority in imposing most of its tariffs.
00:50But within a day, a federal appeals court reinstated them,
00:53temporarily halting that ruling while the government appeals.
00:58Well, Brett, it seems highly inappropriate for the judiciary to weigh it in here.
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