Trade Tensions: Us and China Disagree on Communication Amidst Tariffs

Discrepancies have emerged regarding communication between the U.S. and China amidst ongoing trade tensions. While the U.S. president claims to have been in contact with his Chinese counterpart to discuss tariffs, China denies any recent communication between the two leaders. The last reported conversation occurred before Trump's second inauguration. Treasury Secretary Scott Bessent acknowledged uncertainty about recent trade talks between the presidents. He mentioned interactions with his Chinese counterpart focused on financial stability and economic warnings. Bessent suggested China's denials might be aimed at a different audience. The U.S. has enacted tariffs on numerous nations, including rates as high as 145% on China. A 90-day pause was announced to allow countries time to negotiate potentially lower rates. These tariffs have created uncertainty in the global economy.