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Trump Concedes Defeat In Tariff War With China? US Pres. Reaches Out To Xi For Deal | Report

The United States has reportedly reached out to China through multiple channels to initiate talks on de-escalating trade tensions sparked by Trump’s 145% tariffs. Treasury Secretary Scott Bessent confirmed on Fox News that the administration is seeking a phased de-escalation, hoping it will lead to a broader trade deal. Meanwhile, Chinese state media claims the U.S. is attempting backchannel diplomacy, even as Beijing criticizes the tariffs as “economic bullying.” Despite its own 125% retaliatory tariffs, China has exempted key U.S. exports like microchips and jet engines. However, China’s Foreign Ministry denies any formal negotiations are underway.

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