Trade negotiations between the United States and China have reached a deadlock, with both sides awaiting possible intervention from their leaders to break the deadlock, according to a report released Thursday.
Trade talks between the United States and China have slowed, according to U.S. Treasury Secretary Scott Bessent, who described the negotiations as "a bit stalemate."
Bessent stated that reaching a final agreement may require direct intervention from President Donald Trump and Chinese President Xi Jinping, according to Reuters.
Two weeks have passed since breakthrough negotiations led by Bessent resulted in a temporary truce in the ongoing trade dispute between the world's two largest economies. However, Bessent told Fox News that progress has been slow since then.
Despite the current stalemate, Bessent remains optimistic, noting that he expects further discussions in the coming weeks. Intervention by the leaders of both countries is considered crucial to moving the agreement forward. #CEXvsDEX101
