Trade Talks Stall, Only Trump & Xi Can Seal Deal – Says Treasury Secretary

U.S. trade talks with China are currently at a standstill, according to Treasury Secretary Scott Bessent. He emphasizes that only direct involvement from President Donald Trump and Chinese President Xi Jinping is likely to push the deal across the finish line. 2 weeks ago, Bessent led breakthrough negotiations between the world’s two largest economies, resulting in a temporary truce in the trade war and the rollback of tariffs for 90 days. This move sparked market relief but did not address U.S. concerns about China’s state-controlled economy.