U.S.-China Trade Talks Stall Amid New Tariffs

Tensions between the U.S. and China have escalated as President Donald Trump accused China of violating a trade agreement intended to reduce tariffs. The U.S. temporarily lowered tariffs on Chinese goods from 145% to 30%, while China agreed to reduce its tariffs on U.S. imports to 10%. However, negotiations have stalled and both countries remain at an impasse. U.S. officials, including Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer, have expressed frustration with China's lack of compliance, especially regarding critical mineral exports. In response, the U.S. has imposed new punitive measures, such as limiting technology sales to Chinese firms and restricting visas for Chinese students. The renewed standoff has unsettled financial markets and heightened tensions between the two nations.