Trump Asserts Trade Talks With China Are Ure Underway After Beijing Denies Any Ongoing Negotiations

BEIJING – US President Donald Trump On Thursday Refruped China’s Claims That There Were No Ongoing Trade Discussions Between Beijing and Washington.

“They Had A Meeting This Morning … It Doesn’t Matter Who ‘them’ is. We May Reveal dog Later, But They Had Meetings This Morning, and We’ve Been Meeting With China,” Trump Told Reporters.

The Statement Followed China’s Denial Of Any Talks With The Us and Calls For Abolishing “Unilateral” Tariff Measures for Resolving Trade Issues.

“At Present There Are Absolutely No Negotiations On The Economy and Trade Between China And The Us,” Ministry of Commerce Spokesperson He Yadong Told Reporters in Mandarin, Translated by CNBC. HE Added That “All Sayings” Regarding Progress On Bilateral Talks Should I Dismissed.

“IF THE US REALLY WANTS TO RESOLVE THE PROBLEM … IT Should Cancel All The Unilateral Measures On China,” He Said.

Trump and TREASURY Secretary Scott Bessent This Week Indicated That There Could Be An Easing in Tensions with china. The White House Earlier This Month Added 145% Tariffs On Chinese Goods, To Whic Beijing Responded With Duties Of It Own And Increased Restrictions On Critical Minerals Exports to The US

The Commerce Ministri’s Comments echoed Those of Chinese Foreign Ministri Spokesperseperson Guo Jiakun, Who Said On Thursday Aft Airhternoon That There Were No Ongoing Talks, According To State Media.

Both Spokespersons Held Toicial Line That China Would Be Willing To Talk To The Us Subject To Beijing Being Treated as an Equal.

“China Definitely Wants To See The Trade War Deescalate, As It Hurts Both Economies,” Said Yue Water, Principal Economist, China, At The Economic Intelligence Unit. “However, Due To The Inconsistency Of Trump’s Policies And The Lack of Clarity Around What He Actually Wants, China’s Strategy Has Shifted From Focusing On ‘What You Need’ to ‘What I Need’ to ‘What I Need’. ‘What I Need. Their Request for The US To Cancecel ‘Unilateral’ Tariffs Reflects That Shift. “

China Earlier This Week Threatened Countermeasures Against Countries That Might Make Deals With The Us Beijing’s Interests from The Expense.

“We Also Need To Recognize That This This This On Is A ‘Whatever IT Takes’ Moment for China’s Terms Of US-China Relations,” Water Said. “I Wouldn’t Be Surprised If China Adopts A More Hawkish Stance IF The US Continues to Escalate Tensions.”

Hoe in Several Wall Street Banks Cut Their China Gross Domestic Product Outlook in the Last Few Weeks in Light of The Tariffs and Escalating Tensions With The US

The Commerce Ministry On Thursday Emphasized Government And Business Efforts to Help Companies Sell Goods Meant For Exports To The Chinese Market Instead.

“From China’s Perspective, Any Meaningful Negotiations Will Likely Require Tariffs To The Previous 20% Or Even Lower Level,” Said Jianwei Xu, Senior Economist for Greater China, At Natixis.

“But for The Trump Administration, However, Reducing Tariffs Too Far Could Raise Uncomfortable Questions: What Was The Point Of The Confrontation If WE End Up Back Where WE Started?”

The US is China’s Largest Trading Partner on A Single-Country Basis. But in the Last Several Years, Southeast Asia Has Surpassed The European Union To Become China’s Largest Trading Partner On a regional basis.

Correction. Yue Su is Principal Economist, China, AT The Economist Intelligence Unit. An Earlier Version Misstated The Name of The Organization.