Trump refutes China’s claim of no trade talks with | Australian Markets

President Donald Trump has asserted that trade talks between the US and China are beneath approach, pushing back in opposition to Chinese claims that no discussions have taken place to ease the continuing trade conflict.

“They had a meeting this morning,” Trump informed reporters on Thursday, declining to say to whom he was referring.

“It doesn’t matter who ‘they’ is. We may reveal it later, but they had meetings this morning, and we’ve been meeting with China.”

China on Thursday stated it had not held trade talks with Washington regardless of repeated feedback from the US authorities suggesting there had been engagement.

“China and the United States have not conducted consultations or negotiations on tariffs, let alone reached an agreement,” Chinese Foreign Ministry spokesperson Guo Jiakun informed reporters at a news briefing, calling studies of such data “false news.”

A White House official stated decrease degree in-person talks in addition to a telephone call between US and Chinese workers had taken place this week.

The conflicting statements from Washington and Beijing underscore the strained communication and uncertainty defining the present trade conflict, including volatility to international markets and prolonging financial ache on either side.

American companies face hovering import prices whereas Chinese exporters are squeezed by falling US demand.

Trump and Treasury Secretary Scott Bessent this week indicated there may be an easing in tensions with China.

On Wednesday, Bessent stated excessively high tariffs between the US and China must come down earlier than trade negotiations can proceed and that de-escalation was needed for the world’s two largest economies to rebalance their trading relationship.

The White House earlier in April imposed 145 per cent tariffs on Chinese items, prompting Beijing to reply with duties of its own and elevated restrictions on essential minerals exports to the United States.