Confusion erupts in Trump’s cabinet over China trade negotiations
The post Confusion erupts in Trump’s cabinet over China trade negotiations appeared on BitcoinEthereumNews.com. Confusion hit the White House hard on Sunday when Trump’s top officials couldn’t agree if talks with China over tariffs were even happening. President Donald Trump has been telling reporters for many days now that discussions were moving along and he had spoken to Chinese President Xi Jinping. But Chinese officials denied that any talks were taking place, throwing a wrench into the already messy trade situation. The fight between the world’s two biggest economies has made markets jumpy and raised real fears of a recession, according to Reuters. Last week, Trump’s administration showed some signs that they might want to pull back from the trade war that has been battering businesses across the globe. Trump said that negotiations were active, but China quickly said otherwise, making it clear that no talks were currently happening. That contradiction opened the door to more questions about how serious any progress might actually be. Bessent and Rollins send mixed messages on trade talks Treasury Secretary Scott Bessent, one of the main players in US trade talks, said during interviews that he met his Chinese counterparts last week during the International Monetary Fund meetings in Washington. However, Bessent made it clear that they didn’t even talk about tariffs. Speaking on ABC’s “This Week,” Bessent said, “I had interaction with my Chinese counterpart, but it was more on the traditional things like financial stability, global economic early warnings. I don’t know if President Trump has spoken with President Xi.” Agriculture Secretary Brooke Rollins painted a different picture during an interview on CNN’s “State of the Union.” Rollins claimed, “Every day we are in conversation with China, along with those other 99, 100 countries that have come to the table,” suggesting that talks were happening regularly. This totally clashed with what Scott Bessent said, showing that…
The post Confusion erupts in Trump’s cabinet over China trade negotiations appeared on BitcoinEthereumNews.com.
Confusion hit the White House hard on Sunday when Trump’s top officials couldn’t agree if talks with China over tariffs were even happening. President Donald Trump has been telling reporters for many days now that discussions were moving along and he had spoken to Chinese President Xi Jinping. But Chinese officials denied that any talks were taking place, throwing a wrench into the already messy trade situation. The fight between the world’s two biggest economies has made markets jumpy and raised real fears of a recession, according to Reuters. Last week, Trump’s administration showed some signs that they might want to pull back from the trade war that has been battering businesses across the globe. Trump said that negotiations were active, but China quickly said otherwise, making it clear that no talks were currently happening. That contradiction opened the door to more questions about how serious any progress might actually be. Bessent and Rollins send mixed messages on trade talks Treasury Secretary Scott Bessent, one of the main players in US trade talks, said during interviews that he met his Chinese counterparts last week during the International Monetary Fund meetings in Washington. However, Bessent made it clear that they didn’t even talk about tariffs. Speaking on ABC’s “This Week,” Bessent said, “I had interaction with my Chinese counterpart, but it was more on the traditional things like financial stability, global economic early warnings. I don’t know if President Trump has spoken with President Xi.” Agriculture Secretary Brooke Rollins painted a different picture during an interview on CNN’s “State of the Union.” Rollins claimed, “Every day we are in conversation with China, along with those other 99, 100 countries that have come to the table,” suggesting that talks were happening regularly. This totally clashed with what Scott Bessent said, showing that…
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