The US and China clashed over the status of trade talks. This is what must be known.

The view of the trade war all-out between the US and China remains a central question for the global economy, but both parties seem to disagree even about whether the discussion has begun.

President Donald Trump Wednesday night said the two largest economies in the world “active” discussed trade issues.

A few hours later, Chinese Foreign Ministry spokesman Guo Jaikun was in conflict with Trump’s account, regarding it “Fake News.” Both parties have not discussed tariffs, said Guo.

As soon as that, Trump reiterated his view, told reporters that representatives from the two countries had met this new -new on Thursday morning. When asked to identify the representatives involved, Trump refused to say.

A sign of trade increased earlier this month when Trump climbed the tariff of goods -Chinese goods to 145%. China responded at a rate of 125% for US goods and other countermeasures.

“This is a chicken game,” Yasheng Huang, Professor of Economics and Global Management at MIT, told ABC News.

This is what must be known about where US-China trade discussions are established and how experts characterize the deadlock:

What did Trump’s government say about the US-China trade talks?

Some of the top Trump administrative officials this week offers accounts about US-China trade relations, attacking various postures against China.

In a clear softening of his attitude, Trump said on Tuesday that the tariff for China would “fall substantially.”

“145% are very high and will not be that high. It will not be near that high,” Trump told reporters at the White House. “But that won’t be zero.”

A day later, the Press Secretary of the White House Karoline Leavitt offers an additional context on the plan, strengthening the US position. There will be no “no unilateral reduction” in tariffs, said Leavitt.

Meanwhile, Minister of Finance Scott Besent on the same day called the US Prospective Trading Agreement as “Opportunities for Great Problems.” Bescent criticized Chinese trade practices but also voiced the tone of peace.

“If they want to balance again, let’s do it together,” he told an audience at the Institute of International Finance in Washington, DC Trump’s policy amounting to “external encouragement” towards alignment in the US-China trade, said Besent.

Wednesday night, Trump told reporters that the US and China were “active” involved in the conversation. A high -ranking Chinese official on Thursday rejected the description of the discussion that was taking place as “Fake News.”

A few hours later, Trump increased its rhetoric.

Trump urged Boeing to “Default China” in response to the Chinese order which was rejected by airlines from the US -based aerospace company aircraft. “This is just a small example of what China has done to the US, for years,” Trump said in a post on social media.

How is China’s response?

Guo, a spokesman for the Chinese Foreign Ministry, rejected Trump’s statement that suggested progress towards a trade agreement.

“China and the United States have not yet held consultations or negotiations on tariff issues, let alone reaching an agreement,” Guo said at a press conference on Thursday.

The Chinese Ministry of Trade reportedly echoed that view, said China was open for talks while urged the US to return the tariff.

“If the US really wants to solve the problem, it must be serious with the rational votes of the international community and the domestic sector, and fully eliminate all unilateral tariff steps against China,” said a spokesman for the Ministry of Trade who he said on Thursday.

The Wall Street Journal reported a statement from him Yadong.

Statement from Chinese officials maintains the posture voiced in the previous statement: the willingness to negotiate with the call for US de-eScalization.

When China climbed the tariff up to a total of 125%, the country said it would not increase the tariff further.

However, China has taken additional countermeasures. China earlier this month imposed export restrictions on several rare and magnetic soil elements which are critical inputs in several US car products, energy and defense.

For now, Chinese companies can still export to US buyers, even though Chinese companies must receive approval from the Chinese government.

What is the opinion of the experts where is the US-China trade war?

Trump “Liberation Day” rates earlier this month shifted the market and triggered a recession warning on Wall Street.

Within a few days, Trump stopped the broad “reciprocal tariff” in all countries except for China. Conversely, Trump maintains a 10% tariff in almost all products imported and increase tariffs in China.

After the tariff policy shift, US consumers still face the average effective tariff level of 25.2%, the highest since 1909, the Yale budget laboratory was found in A report.

Trump’s clear softening of China came in the midst of sustainable market volatility and continuous worry between consumers and analysts about economic fall, experts told ABC News.

“Everyone is scared about the scourge of this long trade war with China. You can see it in the market,” Meg Rithmire, a business administration professor at Harvard University, told ABC News. “Looks like Trump’s government is nervous about it.”

Still, Rithmire added, Trump’s government did not seem to be committed to unilateral de-esecalation.

“Trump’s government sings different songs every day,” said Rithmire. “If they won’t do it unilaterally, they need to do it bilaterally. So that that happens, they must have a kind of communication.”

China seems to consider itself superior to the deadlock, said experts.

Within a few weeks, Trump provided tariff release for several electronics and floated the possibility of reducing the overall tariff level. The US faces an increase in the risk of recession and inflation as a result of tariffs in China, experts previously told ABC News.

“China sees Trump is vulnerable to pressure,” Huang said. “They make it a condition that the US must withdraw from the tariff and then they can speak.”