The ongoing trade talks between China and the United States have stalled due to disagreements over market access, subsidies.
The two economic powerhouse also couldn’t find an agreement on intellectual property and no new meetings have been scheduled.
The United States and China agreed to have a trade talk after accepting a temporary 90-day tariff agreement in Geneva on May 12, 2025.
Both sides agreed to reduced tariffs on each other with the US tariffs on Chinese goods dropped from 145% to 30%, and China lowered duties on U.S. goods to 10%.
However, tensions persist, particularly over U.S. restrictions on Chinese semiconductors, with China accusing the U.S. of undermining the Geneva consensus by targeting Huawei’s AI chips.
READ ALSO: China to import a record amount of Canadian crude and cut purchases of US oil by 90%
The report said China’s consideration of relaunching its Made in China 2025 industrial policy signals a focus on self-sufficiency, potentially complicating negotiations further.
Both sides have established a communication mechanism, but progress remains uncertain as China emphasizes multilateralism and the U.S. faces domestic pressure to maintain tough trade policies.