U.S.-China talks ‘a bit stalled’ and need Trump and Xi to weigh in, Treasury Secretary Bessent says

Key Points

U.S.-China trade talks “are a bit stalled,” requiring the two countries’ leaders to speak directly, Treasury Secretary Scott Bessent told Fox News.
After a rapid escalation in trade tensions last month, Bessent helped the world’s two largest economies reach a breakthrough agreement in Switzerland on May 12.
The U.S. has pushed ahead with tech restrictions on China, drawing Beijing’s ire, while China has yet to significantly ease restrictions on rare earths, contrary to U.S. expectations.

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