Treasury Secretary Scott Bessent says U.S.-China trade talks are "a bit stalled"

Treasury Secretary Scott Bessent said Thursday President Trump and Chinese leader Xi Jinping may need to hold a phone call to overcome stumbling blocks in trade negotiations.The big picture: Bessant helped the U.S. strike a deal with China following a summit in Switzerland earlier this month that saw the world's two largest economies agree to slash tariffs for 90 days.Officials in China welcomed the U.S. Court of International Trade's blocking most of Trump's sweeping tariffs on Wednesday, which a federal appeals court temporarily stayed a day later.What they're saying: "I would say that they are a bit stalled," Bessent said of the negotiation situation on Fox News. "I believe that we will be having more talks with them in the next few weeks."Bessent told Fox News' Bret Baier the U.S. and Chinese leaders may, at some point, have to hold a call."Given the magnitude of the talks, given the complexity ... this is going to require both leaders to weigh in with each other," he added."They have a very good relationship. And I am confident that the Chinese will come to the table when President Trump makes his preferences known."More from Axios:How Trump's China attitude is similar to Biden'sLutnick: Trump "felt horrible" about impact of China tariffsU.S. may impose regional tariffs as trade deadlines loom, Bessent says

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