In a recent development, China has refuted claims of ongoing negotiations with the US, as trade tensions continue to escalate. This contradicts President Trump’s assertions of communication with Chinese President Xi Jinping. Beijing has emphasized that Washington needs to correct its mistakes and remove tariffs for talks to recommence. The uncertainty surrounding the trade war is causing unease among businesses and international leaders, as prices soar and imports plummet, affecting American companies. The denial of talks by China further complicates the already strained relationship between the two economic powerhouses. The repercussions of this deadlock are being felt not only in the US and China but also globally, as markets react to the lack of progress in resolving the trade dispute. Stay tuned for more updates on this evolving situation.