White House Plans De-escalation of US-China Trade Disputes
White House Plans De-escalation of US-China Trade Disputes

White House Plans De-escalation of US-China Trade Disputes

News summary

The White House has expressed optimism about resolving the ongoing US-China trade dispute, with officials signaling that de-escalation may occur soon, although concrete policy changes have yet to materialize. Treasury Secretary Bessent stated that negotiations could lead to reduced tensions, but uncertainty remains as both sides maintain hardline positions. President Donald Trump has proposed cutting tariffs on Chinese goods, but China continues to demand the removal of all US levies before meaningful talks can begin, resulting in a persistent impasse. Mixed public statements from US and Chinese officials have led to market volatility and confusion, with Chinese authorities dismissing reports of progress as 'fake news.' The stalemate is affecting supply chains, raising costs for US consumers, and slowing China’s economy, while also spilling over into broader geopolitical issues. Analysts suggest that while both countries have incentives to reach an agreement, substantive progress will require significant concessions, particularly from the US side.

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