US-China trade talks stalled, businesses wait for Trump and Xi to intervene

US-China trade talks stalled, businesses wait for Trump and Xi to intervene

Since the mid-May agreement, the Trump administration has shifted focus toward negotiating tariffs with other major trading partners including India Japan, and the European Union. Last week, Trump threatened to impose 50% tariffs on EU products but later postponed the move.

US President Donald Trump hailed a “total reset” in US-China trade relations, ahead of a second day of talks Sunday between top officials from Washington and Beijing aimed at de-escalating trade tensions sparked by his aggressive tariff rollout. File Image / Reuters