US Treasury Secretary Scott Bessent confirmed that US-China trade talks are currently stalled, with core issues like China’s state-driven economic model unresolved despite a recent 90-day tariff truce that briefly boosted markets. Bessent stressed that breaking the impasse will likely require direct talks between Presidents Trump and Xi. While the US shifts focus to trade discussions with the EU, Japan, and India, legal uncertainty over tariffs persists after conflicting court rulings. Both sides have set up a dialogue mechanism, but substantial progress on key issues such as market access and intellectual property will depend on high-level engagement. The global economy remains watchful as further talks are anticipated in the coming weeks
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