U.S. trade talks with China are "a bit stalled" and getting a deal over the finish line will likely need the direct involvement of President Donald Trump and Chinese President Xi Jinping, U.S. Treasury Secretary Scott Bessent said on Thursday.

China celebrated the U.S. Court of International Trade's ruling against President Trump's tariffs, using the moment to call for Washington to permanently shelve the levies. "China has consistently maintained that trade wars have no winners and that protectionism offers no way out,

A federal appeals court is allowing Trump’s tariffs to stay in place, issuing a stay of a U.S. court ruling yesterday that blocked several of the tariffs from going into effect. The U.S. Court of International Trade ruled yesterday that he had exceeded his authority in imposing the tariffs on U.S. trading partners.