US President Donald Trump on Thursday shot down China’s claims that there have been no talks on easing the brutal tariff war — insisting that meetings had already taken place earlier in the day.
Speaking to reporters at the White House, Trump said bluntly: “They had a meeting this morning. It doesn’t matter who ‘they’ is. We may reveal it later, but they had meetings this morning, and we’ve been meeting with China.”
His comments came after China’s Foreign Ministry spokesman Guo Jiakun publicly dismissed any notion of negotiations, declaring: “China and the United States have not conducted consultations or negotiations on tariffs, let alone reached an agreement.”
Guo went even further, labelling the American reports about ongoing talks as nothing but “fake news.”
Background: Trade War Still Burning
- The White House slapped 145% tariffs on Chinese goods earlier this month.
- Beijing responded with its own wave of retaliation, including 125% tariffs on U.S. products and new restrictions on critical mineral exports.
- Wall Street has been on a rollercoaster ever since, with hopes swinging wildly based on vague signals of negotiations.
Trump Slams China Over Boeing Fallout
Adding fuel to the fire, Trump also lashed out at China on social media Thursday morning for walking away from a major Boeing aircraft deal.
“Boeing should default China for not taking the beautifully finished planes that China committed to purchase,” Trump wrote, calling it “just a small example of what China has done to the USA, for years.”
Boeing itself is feeling the heat:
- CEO Kelly Ortberg confirmed this week that Chinese buyers have stopped taking deliveries because of the “tariff environment.”
- Boeing is now scrambling to resell dozens of planes stranded without buyers, sending another shockwave through the already battered manufacturing sector.
Big Picture
Trump insists he sees a path forward, claiming that the U.S. is fighting back after “years of being ripped off” by China.
Beijing, meanwhile, says it’s ready to “fight to the end” if necessary, demanding “respect” as the condition for any future talks.
Markets remain on edge, desperate for any concrete sign of de-escalation.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
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