U.S.-China trade talks hit roadblock, personal involvement of Trump and Xi needed

think it’s in the U.S.’s interest and China’s interest to reach an agreement, but there are still some issues that need to be resolved,” Bessent said, adding that the talks have hit a roadblock and need the personal involvement of President Trump and Chinese President Xi Jinping. The two countries have been engaged in a trade war for over a year, with both sides imposing tariffs on billions of dollars worth of goods. Bessent emphasized the importance of addressing issues such as intellectual property theft and forced technology transfers, which have been major points of contention in the negotiations. He also expressed optimism that a deal could still be reached, but noted that it may take some time. The recent escalation of tensions between the U.S. and China has caused concerns among investors and businesses, with the stock market experiencing volatility and companies adjusting their supply chains. Bessent emphasized that the U.S. is not looking for a quick resolution, but rather a fair and balanced deal that will benefit both countries. He also stated that the U.S. is open to continuing talks and finding a solution that is acceptable for both sides. The next round of trade talks between the two countries is expected to take place in October, and it remains to be seen if the personal involvement of Trump and Xi will help break the impasse and lead to a resolution." In a recent interview with Fox News, Treasury Secretary Scott Bessent revealed that U.S.-China trade talks have hit a roadblock and are in need of the personal involvement of President Trump and Chinese President Xi Jinping. The two countries have been engaged in a trade war for over a year, with tariffs being imposed on billions of dollars worth of goods. Bessent stressed the importance of addressing issues such as intellectual property theft and forced technology transfers, stating that these are still major points of contention in the negotiations. While Bessent remains optimistic that a deal can be reached, he also acknowledges that it may take some time. The recent escalation of tensions between the U.S. and China has caused concerns among investors and businesses, with the stock market experiencing volatility and companies adjusting their supply chains. Bessent emphasized that the U.S. is not seeking a quick resolution, but rather a fair and balanced deal that will benefit both countries. He also stated that the U.S. is open to continuing talks and finding a solution that is acceptable for both sides. The next round of trade talks is expected to take place in October, and all eyes are on the personal involvement of Trump and Xi to help break the impasse and lead to a resolution.