President Trump, whose trade war with China worked and threatened to disrupt great trade, proposed on Friday that he had been in contact with XI Jinping, China's President, himself as Chinese officials insisted that there were no negotiations.
In an interview with the time on Tuesday, Mr. Trump said Mr. Xi called him, although he refused to say when his team was in active discussions with China about a trade agreement. When asked about the interview in front of the White House on Friday morning, the President confirmed that he had “spoken to the Chinese president several times”, but he refused to answer when he urged whether a call had taken place after he had imposed tariffs this month.
Mr. Trump's comments seemed to give the impression of progress with China to relieve the annoying financial markets that have fallen in the indictment that the world's greatest economies are in a patient situation. The S&P 500 has dropped by 10 percent since Mr. Trump's term on January 20.
The president's talks, however, were rejected by Chinese officials who repeatedly denied this week to actively negotiate with the United States.
“China and the United States did not stop consultations or negotiations on the question of tariffs,” said Guo Jiakun, the spokesman for the Chinese Foreign Ministry, in a press conference on Friday. “The United States should not confuse the public.”
Chinese officials have repeatedly said that the United States should stop threatening China and operating on the basis of equality and respect dialogue. On Thursday, Yadong, a spokesman for the Chinese Ministry of Commerce, said there were “no economic and trade negotiations between China and the United States”.
“All demands on progress in the economic and trade negotiations in China and in the United States are unfounded rumors without factual evidence,” he said. The Chinese embassy in Washington rejected it to comment on Friday.
“As we have always mentioned, President Trump's team continues to meet their Chinese colleagues,” said Karoline Leavitt, press spokeswoman for the White House. “The president remains optimistic when it comes to concluding a fair trade agreement with China.”
This month, Mr. Trump has achieved tariffs for Chinese imports to at least 145 percent to force China in trade negotiations. However, the Chinese officials reacted by issuing their own tariffs for American products and exports to the United States of minerals and magnets that are necessary for many industries, including the defense sector.
The Chinese also seem to have ignored Mr. Trump's suggestions that the best way to solve the problem is that Mr. XI gets in touch with him directly. With the two governments in a dead end, companies that rely on the procurement of products from China – which vary from hardware shops to iodinary makers – were thrown in turbulence. The three -digit collective bargaining prices have forced many to complete the programs.
Trump officers have admitted that the status quo with China is not sustainable for retail, and some have thought about shifting taxes back to the country. But the White House insists that it will not do so, unless China is that China does the same.
Asked in the time interview whether he would call Mr. XI if the Chinese leader didn't call first, Trump said no.
“We meet with China,” he said. “We do it well with everyone.”
Mr. Trump also said without evidence that he had “completed 200 deals”. He claimed that he would end and announce it in the next three to four weeks.
Mr. Trump announced higher “mutual” tariffs in almost 60 countries in early April. Since then, the White House has announced that they have received inquiries from dozens of countries to negotiate trade conditions, and Peter Navarro, the trade advisor of the White House, said the administration would increase “90 deals in 90 days”.
Ms. Leavitt said this week that the Trump government had received 18 proposals on paper and that the trading team “would meet 34 countries this week alone”.
However, many trading experts have expressed skepticism because the negotiations in the past US trade transactions took over a year on average.
The president said the time that trading in countries like China was unfair and had to be changed. “You cannot allow you to earn trillion dollars from us,” he said.
Mr. Trump said that he would look at companies that were looking for exceptions to tariffs. He also said he had a list of products that are okay to be able to import. “There are some products that I really don't want to do here,” he said.
But Mr. Trump insisted that tariffs encouraged companies to return to the United States and that he would consider a “total victory” in one year in a year because the country would “make a fortune”.
“This is an enormous success,” he said. “You don't know yet.”
In public, Mr. Trump said that his tariffs work well, that countries come to him and ask for business and that everything will work wonderfully for the American people.
In private, the President's team was less happy. Great retailers have informed Mr. Trump about their expectations of empty shop shelves when their tariffs are kept in place. His top business consultants, Minister of Finance Scott Bessent and Minister of Commerce Howard Lutnick, were so alerted by the sale of the bond markets and the potential for a widespread financial panic that they set up a 90-day break on his mutual tariffs two weeks ago.
Since then, his team has focused on how he can de -escalate his trade war without shining.
Mr. Trump and some of his consultants believed that the Chinese economy would be very susceptible to the United States for US tariffs in view of the country's dependence. But they seem to have misunderstood the extent of the president's leverage effect towards Mr. XI.
Through the Chinese officials, they made it clear through their statements about the news media that they did not estimate Mr. Trump's bullying tone and that negotiations must be carried out by a formal process.
Beijing also censored and curated information about the trade war in China, and emphasized the country's resistance and ability to resist pain.
In the meantime, Mr. Trump has dropped his survey numbers. His approval assessment for the economy – always a strength for him – has now become a weakness. In the meantime, the Republican legislators fear a wipe out one, which increases the pressure on Mr. Trump to make business that restore a feeling of economic well -being.
Eswar Prasad, professor of trading policy at Cornell University and former head of the China department for the international monetary fund, said both countries seemed to recognize the need to start negotiations, but everyone wanted to initiate them on their own conditions.
“The story in Beijing seems to have changed in the past few days, with the political decision -makers stiffen their back there and have the feeling that they can drive out,” he said. “Your perception seems to be that the Trump team will come to you because the US economy is proportional to suffer more damage due to the escalating trade war.”