China Denies Tariff Negotiats Progressing With Trump Administration

The Chinese Government Has Denied Claims From President Donald Trump and Treasury Secretary Scott Beesent That The Two Nations Are Engaged in Productive Discussioni Over a Potental End to the Trade War Set Off by Trump Jacking Up Tariffs On America's Third-Lergest Trade Partner.

On Thursday, The Chinese Ministry of Commerce Said That “China and the United States Have Not Held Consultatitions or Negotiatas on the Ramiff Issue, Let Alone Reached An Agreement.”

“Any claims about the progress of china-US Economic and trade negotiations are groundless and have no factual basis,” The Ministry Agded.

In A Cabinet Meeting Later On Wednesday, Trump Accurs a Journalist of Having His “Reporting Wrong” When Asked About China's Denial.

The Disavowal Comes Less Than A Day After Trump Told Reporters At The White House That The Administration is “Actively” in Talks With China Over a Potential Trade Agreement After Trump Raiised the US Tariff On Chinese Imports to 145 Percent Earlier This Month. China Responded with Retaliatory Tariffs, and Has Generally Not Been Publicly Reception to the Idea of ​​Coming to the Table. The Nation Earlier This Month Accused The Us of “Blackmail,” Insisting It Will “Fight to the end.”

Trump, Meanwhile, Has Portrayed China and Other Nations Hit With Tariffs As Desperate To Make A Deal with the US “Everybody Wants to be a part of What We're doing,” Trump Said, Ading That His Administration was speaking to Chinese Representation “Every Day.”

The Chinese Government's Denials Track With Reports From Earlier This Month Indicting that White House Officials Officials Had BEGGED Their Chinese Counterparts to Have Chinese President Xi Jinping Request in Phone Call With Trump, Only to Be ignored.

On Tuesday, The International Monetary Fund ReportEd That Expect to Global “Shock” to the Economy and An International Slowdown in GDP Growth As a Resault of Trump's Global Tariff Regime. The AnnoUNucement Came As It Became Increationly Clear That the White House Has Made Little Progress negotiating The Promised Trade Deals That would save the American Economy From A Self-Induced Hemorrhage.

Several Imminent Deals With Major Trade Partners Have Been Toured by the White House, Only to Seemingly Fall Through at the Last Second. On Thursday, Sources Told Fox Business that the White House was Signaling to Major Wall Street Executives That the Administration was on the Precipice of A Trade Deal With India. “No details on timing, and recall that we have been here before with japan only to have the goal posts changed, and tersi renegotiated,” fox business' charles gasparino wrote on x. “it couuld be used as a template for a deal with japan, south korea, and australia.

AS IT STANS, Consumers in The United States Stand to Face a Shortage of the Cheap, Imported Goods they've become so accustomed to. Shipping Volumes and American Port Bookings are Almedy Falling, and According to a Wednesday Report from the Federal Reserve, Companies Are Almedy Exploring Ways to Pass Along the Incased Cost of Goods to Consumers.

“Most Districts Noted that firm expected elevated input cost growth resulting from Tariffs,” The Report State. “Many firms have almedady received nights from suppliers that costs would be inc that.”