Amidst escalating trade tensions, China has denied engaging in ongoing negotiations with the US, contradicting President Trump’s claims of communication with Xi Jinping. Beijing maintains that Washington must rectify its errors and eliminate tariffs for dialogue to resume. The uncertainty surrounding the trade war is causing anxiety among businesses and foreign leaders, with rising prices and plummeting imports impacting US companies significantly. The denial of ongoing talks further adds to the tension between the two economic powerhouses. The standoff has far-reaching implications for the global economy, with many countries closely watching the developments. The trade dispute has already led to disruptions in supply chains and fluctuations in stock markets worldwide. As both countries continue to hold their ground, the possibility of a resolution remains uncertain. The lack of progress in negotiations is likely to have a lasting impact on various industries, including technology, agriculture, and manufacturing. Observers are closely monitoring the situation for any signs of a breakthrough or further escalation.