US President Donald Trump claimed to be in talks with Chinese leader Xi Jinping on trade tariffs, but Beijing officials say no negotiations are happening. This comes as financial markets remain jittery due to the ongoing trade war.
Trump stated that he had spoken with Xi “numerous times” and was working towards a deal, but declined to confirm if any calls took place after imposing tariffs this month. Chinese officials have repeatedly denied talks are underway, saying they should engage in dialogue on an equal basis.
The US has imposed tariffs on $145 billion of Chinese imports, prompting Beijing to retaliate with its own tariffs. The trade war is affecting businesses worldwide, from hardware stores to toy makers. Trump’s team believes the tariffs will encourage companies to move back to the US, but some experts argue this approach may not work.
As the situation continues to unfold, many are watching for signs of progress or a potential deal. With Trump facing declining approval ratings and pressure from lawmakers, there is an increased sense of urgency around finding a solution.
Source: https://www.nytimes.com/2025/04/25/us/politics/trump-china-tariffs-xi-jinping.html