U.S.-China trade discussions are currently in a “stalled” state, prompting Treasury Secretary Scott Bessent to suggest that direct communication between the leaders of both nations is necessary. Despite recent diplomatic efforts, including a breakthrough agreement in Switzerland on May 12 to temporarily roll back significant tariff increases, ongoing tensions persist. The U.S. continues to enforce technological restrictions against China, which has not significantly lifted its rare earth export controls, leading to discontent in Beijing.
Bessent indicated that upcoming discussions may occur in the next few weeks, potentially including a call between President Donald Trump and Chinese President Xi Jinping. While Trump has shown interest in reconnecting with Xi, analysts believe China will only agree if they anticipate stable communication without unexpected developments from the U.S.
Communication between the two countries had resumed following the Switzerland agreement, with a recent call involving diplomatic officials. However, China’s Ministry of Commerce reiterated its stance on U.S. chip export controls, urging the U.S. to amend what it views as erroneous practices while emphasizing the importance of upholding agreements made at high-level discussions.
The U.S. government has also announced plans to revoke visas for certain Chinese students, a move that drew criticism from China’s Foreign Ministry, which labeled it as unjustifiable and ideologically driven. The complex dynamics of these trade discussions underscore the broader geopolitical tensions between the U.S. and China, reflecting both economic interdependence and conflicting national interests.
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