President Donald Trump said the US and China were working to resolve the tariff war, but Beijing rejected his claims. On April 24, China maintained that it would not hold trade communication communication with Washington despite repeating comments from Trump suggesting that there was a relationship.
A spokesman for China's Ministry of Commerce, he said any claims about the development of China-US trade negotiations are baseless and baseless. A spokesman for China's Ministry of Foreign Affairs, Guo Jiakun, also acknowledged that China and the US have not yet conducted consultations or negotiations with levies, letting just reach an agreement.
Beijing eliminates Trump's claims on China-US trade negotiations
Breaking: China calls Trump claiming that the two countries are talking about a trade deal, “fake news”.
China said there was no continued communication with the US and they only called the US to cancel unilateral tariffs.
– Brian Krassenstein (@krassenstein) April 24, 2025
China has eliminated President Donald Trump's claim that the US and China are on the negotiation table to resolve the trade war. He Yadong, a spokesman for China's Ministry of Commerce, noted that Trump's claims on the development of China-US trade negotiations are unfounded and baseless.
Trump said he had planned to be “Very beautiful” To reach a deal, as Washington discussed it in Beijing this week. The President also called his 145% tariff on Chinese goods “Too high” and promised to do this “Get down a lot.”
On Thursday, another Chinese officer Removed The President's claim and China said it was ready to arrange only under certain conditions. Jiakun noted that China's attitude is in common and clear: If the US wants to fight, Beijing will fight to the end, and “If you want to talk, the door is open.”
“China and the United States have not conducted consultations or negotiations with tariffs, do not unite in an agreement.”
-Guo Jiakum, spokesman for China's Ministry of Foreign Affairs.
Despite China's stance, Trump continues to claim negotiations taking place in a brief existence of journalists along with the Prime Minister of Norway Thursday afternoon. He argued with a meeting this morning, and no matter who “Them” Ay. Trump acknowledged that he would reveal the conversations from this morning and emphasized that “We're meeting in China.”
Washington issued China the highest tariff of any country, and the country received 125% on American imports. It was also reported on Wednesday that the Trump administration was considering the fall of tariffs by 50 percent.
Treasury Secretary Scott Bestent added the conflicting reports and denied the report on Wednesday that the US would destroy tariffs in China. He maintained that the increased US-China tariffs should go down before trade negotiations continue. Bessent din added De-escalation is required for the two largest economies in the world to redefine their trading cooperation.
Bessent also acknowledged that either side believed that the current levies are sustainable. He argued that tariffs were equivalent to an embargo and that a trade break between the two countries did not fit in with anyone's interest.
US-China's trade war brings uncertainty to the market
US businesses face increasing import costs as Chinese exports are being beaten by the collapse of US demand. The hope of the world of a de-escalation in the trade war also caused the stock market to rise Wednesday.
Stock futures fell on Thursday morning after investors heard Halo -Maling comments from Washington and Beijing. Gaurav Mallik, Chief Investment Officer of Massachusetts based in Pallas Capital Advisors, believes that there will be some fluctuations in the market until there is a more permanent solution to the tariff conversation.
Gaurav noted that the stocks remained scope for the time being despite the expectations of a more slippery tone to tariffs from the Trump administration. He also argued that the final goal for markets was either returning to tariffs or significant trade deals. The financial expert believes that it may take several months to complete the market corrections, and he is confident that there is a clear correction in the market due to the speed of denial.
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