U.S.-China talks 'a bit stalled' and need Trump and Xi to weigh in, Treasury Secretary Bessent says
1. U.S.-China trade talks are currently stalled, needing direct executive engagement. 2. Tariff rollback agreement reached, effective for 90 days until mid-August. 3. US maintains tech restrictions while China is slow to ease rare earths limitations. 4. Direct talks between Trump and Xi are expected but with cautious preconditions. 5. US to revoke visas for Chinese students, drawing sharp criticism from China.