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US-China Talks 'Stalled' Says Bessent, Trump's Tariff Reprieve | Bloomberg The Pulse 05/30
US Treasury Secretary Scott Bessent said trade talks with China are “a bit stalled,” and that a call between President Donald Trump and his counterpart Xi Jinping may be needed for the world’s two largest economies to reach a deal. “I would say that they are a bit stalled,” Bessent said of the talks in an interview with Fox News Thursday.
Bessent, who traveled to Switzerland earlier this month for talks with Chinese officials that saw both sides retreat from tariffs over 100% on each other’s goods, said he believes more talks will happen with Chinese officials “in the next few weeks.” Still, Bessent said he sees the personal involvement of both country leaders as essential. Meanwhile US stock futures fell as traders navigated renewed uncertainty about President Trump’s tariff policies and their impact on the American economy. It comes after a federal appeals court offered Trump a temporary reprieve from a ruling threatening to throw out the bulk of his sweeping tariff agenda, giving at least some hope to a White House now facing substantial new restrictions on its effort to rewrite the global trading order.
Today's guests: Charlotte Ryland, CCLA Investment Management Head of Investments, Marta Prochwicz, European Council on Foreign Relations Warsaw Office Deputy Head
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 - The Pulse
00:01:51 - Trump Wins Tariff Reprieve as Trade Agenda Faces Rollback
00:03:38 - Bessent Says US-China Talks ‘Stalled,’ Pushes for Trump-Xi Call
00:08:28 - Powell Meets With Trump at White House
00:17:10 - Charlotte Ryland, CCLA Investment Management Head of Investments
00:22:31 - Italian CPI Due
00:24:34 - Polish Presidential Election Run-Off
00:28:08 - Marta Prochwicz, European Council on Foreign Relations Warsaw Office Deputy Head
00:37:09 - China Defense Minister Skips Singapore Forum
00:38:48 - US Foreign Policy, Maritime Risks in Focus
00:41:19 - Google, Meta, Apple Face Scrutiny
00:46:33 - US Economy Struggles to Start Year
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Published May 30, 2025
