The United States and China face the state of commercial conversations. This is what you should know.

The perspective of a total commercial war between the United States and China remains a central question for the global economy, but the two parties seem to disagree even about whether the conversations have begun.

President Donald Trump, on Wednesday night, said that the two largest economies in the world are “actively” that discuss commercial problems.

Hours later, the spokesman for the Ministry of Foreign Affairs of China, Guo Jaikun, contradicted Trump’s account, dismissing it as “false news.” The two parties have not discussed the rates, Guo said.

Shortly after, Trump reaffirmed his point of view, telling journalists that the representatives of the two countries had known as recently as Thursday morning. When asked to identify the representatives involved, Trump refused to say.

The commercial dispute intensified earlier this month when Trump rose tariffs on Chinese products to a huge 145%. China responded with 125% tariffs on US assets and other countermeasures.

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

This is what you should know about where the US-China commercial conversations are and how experts characterize the impasse:

What does the Trump administration about commercial conversations between the United States and China say?

Multiple officials of the Trump’s main administration offered commercial relations accounts between the United States and China, hitting different positions to China.

In an apparent softening of his position, Trump said Tuesday that China tariffs “would fall substantially.”

“145% is very high and will not be so high. It will not be close to that high,” Trump told the White House journalists. “But it won’t be zero.”

A day later, the White House Secretary, Karoline Leavitt, offered an additional context about these plans, preparing the position of the United States. Leavitt said “there would be no unilateral reduction” in tariffs.

Meanwhile, the Treasury Secretary, Scott Besent, the same day referred to a possible United States-China commercial agreement as “an opportunity for a big problem.” Besent criticized China’s business practices, but also expressed a conciliatory tone.

“If you want to rebalance, let’s do it together,” he told an audience at the International Finance Institute in Washington, DC Trump policies amounted to an “external impulse” towards realignment in US-China trade, Bessent said.

On Wednesday night, Trump told reporters that the United States and China are “actively” involved in conversations. A senior Chinese official dismissed on Thursday the description of ongoing discussions as “false news.”

Hours later, Trump increased his rhetoric.

Trump urged Boeing to “Chinese breach” in response to a Chinese order that airlines reject the deliveries of the airparic company airplanes based in the United States. “This is just a small example of what China has done to the United States for years,” Trump said in a publication on social networks.

How has China responded?

Guo, the spokesman of the Chinese Ministry of Foreign Affairs, rejected Trump’s claims suggesting progress towards a commercial agreement.

“China and the United States have not made consultations or negotiations on the tariff issue, much less reached an agreement,” Guo said at a press conference on Thursday.

According to the reports, the Ministry of Commerce of China echoed the opinion, saying that China is open to the conversations while urging the United States to reverse tariffs.

“If the United States really wants to solve the problem, it should take seriously the rational voices of the international community and the national sectors, and completely eliminate all the measures of unilateral rates against China,” said the spokesman of the Ministry of Commerce He Yadong on Thursday.

The Wall Street Journal He reported He Yadong’s comments.

The statements of Chinese officials maintain a position expressed in previous comments: a willingness to negotiate along with a call for the decallation of us.

When China rose its tariffs up to a total of 125%, the country said it would not raise more rates.

However, China has taken additional countermeasures. Earlier this month, China imposed export restrictions on some rare earth elements and magnets that constitute critical supplies in some US, energy and defense products of the US.

For now, Chinese companies can still export to US buyers, although Chinese companies must receive the approval of the Chinese government.

What do experts think where is the US trade war?

Trump’s “Day of Liberation Day” rates earlier this month the markets and caused recession warnings on Wall Street.

In a matter of days, Trump arrested the “long -range reciprocal tariffs” in all countries, except China. Instead, Trump retained tariffs on the 10% board in almost all imported products and intensified tariffs in China.

After the change in tariff policy, US consumers still face an average effective tariff rate of 25.2%, the highest since 1909, Yale’s budget laboratory found in a report.

Trump’s apparent softening to China occurs in the midst of continuous market volatility and persistent fears among consumers and analysts on economic consequences, experts told ABC News.

“Everyone is scared by the spectrum of this long commercial war with China. You can see it in the markets,” News Meg Rithmire, a business administration professor at Harvard University. “It seems that the Trump administration is getting nervous about that.”

Even so, Rathmire added, the Trump administration is not willing to commit to unilateral decallation.

“The Trump administration sings a different melody every day,” Rithmire said. “If they are not going to do it unilaterally, they must do it bilaterally. For that to happen, they have to have some type of communication.”

China seems to perceive itself as having the advantage in the confrontation, experts said.

In a matter of weeks, Trump granted a tariff exemption for some electronic products and raised the possibility of a reduction in the general tariff rate. The United States faces a high risk of recession and inflation as a result of tariffs on China, experts previously said to ABC News.

“China sees Trump is vulnerable to pressure,” said Huang. “They are doing a condition that the United States has to go back from their tariffs and then they can speak.”