Dishing the Dirt: Trump and Xi's Phone Call About the Trade War
Trump and Xi held a phone conversation.
Chatting on the phone, President Donald Trump called up Chinese President Xi Jinping, marking the first conversation between the world's two economic titans since Trump took office in January. According to reports, the pair spoke about things that matter, specifically the big ol' trade spat between the two countries.
In a post on his trusty Truth Social platform, the president himself revealed that the chat lasted around 90 minutes and was "very good." He hinted that the conversation would lead to a shiny new deal - "no more questions about rare earth products." Exciting stuff, right? The US President appeared rather smitten with the outcome and announced his economic all-stars, Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and U.S. Trade Representative Jamieson Greer, would soon descend upon the table for a face-to-face sit-down.
But, let's not forget, the two giants have a long history of heated disputes. Since Trump's inauguration, he's been all 'tough love' when it comes to China. He's been jacking up tariffs on Chinese imports into the US, causing serious pressure on both sides. And just when you thought things were heating up, Beijing reminded us they've got their own line of retaliation.
However, both parties took a breather from the escalation in May, agreeing to cut the tariffs, at least temporarily. But, tensions have been rearing their ugly head again recently, and it seems those underlying beefs are still lurking in the background.
But, the phone chat between Trump and Xi? A glimmer of hope for those yearning for a truce. Rumor has it, they'll hash things out face-to-face soon, but the details? On lockdown for now.
- China
- USA
- Trade conflicts
- Trade relations
- Exports
- Donald Trump
- Xi Jinping
- Tariffs
Additional Insights:
The recent phone call between the US and Chinese presidents focused on discussing the terms of a trade agreement. Both parties agreed on the importance of resolving issues regarding rare earth products, which are integral in the manufacturing of electronics and high-tech devices. The US president announced that the US trade delegation would soon meet with Chinese representatives to continue negotiations [1].
Despite the positive momentum, it's worth noting that the call may have addressed lingering grievances from previous trade truces. The US has accused China of violating that agreement, but the current conversation appears to be focused on reestablishing a positive trade relationship [2].
Sources:
- Trump on Trade Deal with China: "Very Positive Outcome for Both Countries"
- China Hits Back at US over Tariffs in War of Words
- The trade agreement between the United States and China hinges on the resolution of issues regarding rare earth products, crucial in the manufacturing of electronics and high-tech devices.
- The US Trade delegation is expected to meet with Chinese representatives to discuss the trade agreement further.
- Despite the positive momentum, there are lingering grievances from previous trade truces that may have been addressed in the recent call.
- The US has accused China of violating past trade agreements, but the current conversation seems to be focused on establishing a positive trade relationship.
- The US and China have a contentious history of trade conflicts, with President Donald Trump increasing tariffs on Chinese imports into the US.
- The recent phone call between President Trump and Chinese President Xi Jinping was the first conversation between the two world leaders since Trump took office in January.
- The phone chat, lasting approximately 90 minutes, was described as "very good" by President Trump, who hinted at a new deal resulting from the conversation.
- The US President revealed that the imported rare earth products would no longer be a question mark in future trade relations.
- Beijing has its own line of retaliation against the US with escalating trade tensions between the two countries.
- In May, both parties agreed to temporarily cut the tariffs, offering a brief reprieve from the escalating trade war.
- However, tensions have resurfaced, and it appears that underlying issues still linger in the background.
- The recent phone call between Trump and Xi may signal a glimmer of hope for those seeking a truce in the ongoing trade conflict.
- A face-to-face meeting between the US and Chinese trade delegations is rumored to be in the works, but the details remain undisclosed for now.
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