- Trump’s administrator reports on the opening of a trade war.
- The members of the cabinet give contradictory messages on talks in China.
- The United States organizing daily conversations with China on prices: Rollins.
Washington: members of Donald Trump’s cabinet gave contradictory messages on if negotiations with China on prices take place, as the republican president said.
The Trump administration reported the opening last week to defuse a trade war between the two largest economies in the world that have raised fears of the recession. Trump said talks were underway with China on prices and that he and Chinese president Xi Jinping spoke.
However, Beijing has denied that commercial negotiations occur.
The Treasury Secretary, Scott Bessent, a key player in American trade discussions with several countries, said on Sunday that he had interactions with his Chinese counterparts last week during international monetary fund meetings in Washington, but did not discuss the tariff deadlock.
In a separate television interview, Agriculture Secretary Brooke Rollins said the United States organized daily conversations with China on prices.
“Every day, we are in conversation with China, as well as the 99 and 100 other countries that came to the table,” said Rollins Cnn“State of the Union”.
Questioned ABC“This week” If the United States and China have spoken on talks on prices, Bessent did not answer the question.
“I had an interaction with my Chinese counterpart, but it was more on traditional things such as financial stability, global economic warnings. I do not know if President Trump spoke with President XI (Jinping),” he said.
Bessent, who said last week that pricing negotiations with Beijing would be an “SLOG”, had not given a calendar for any potential agreement with China.
He said that a trade agreement can take months, but a de -escalation and an agreement in principle can be obtained earlier and would prevent prices from returning to the maximum level.
Trump’s erratic and often confusing deployment of prices has struck countries ranging from the largest American trade partners, such as Canada, Mexico and China. The result was almost unprecedented market volatility and serious damage to investor confidence in American assets.
