The article discusses the deteriorating communication between the United States and China as trade tensions escalate, highlighting recent confusions regarding high-level conversations. Treasury Secretary Scott Bessent's comments emphasize uncertainty around President Trump's claims of discussions with President Xi Jinping. With the ongoing discussions about tariffs seemingly halted, both nations are under scrutiny from global markets, which are anxious about the implications of this lack of dialogue. The spokesperson for Chinaâs foreign ministry confirmed that no consultations on tariffs are occurring, aggravating concerns about future economic interactions.
As trade tensions flared between the world's largest economies, communication between the United States and China has been so shaky that the two superpowers cannot even agree on whether they are talking at all.
Markets are fixated on the mystery of whether back-channel discussions are taking place. Although the two countries have not severed all ties, it does seem that they have gone dark when it comes to conversations about tariffs.
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