US President Donald Trump and Chinese President Xi Jinping spoke on the phone Thursday. The call aimed to address tariff disputes shaking the global economy. China said Trump requested the talks but gave no details on their conversation. The White House did not comment immediately.
This call came as tensions rise over critical minerals and trade. In May, both countries agreed to a 90-day deal to ease some tariffs. However, deeper issues like trade policies, Taiwan, and fentanyl trafficking remain unresolved. Investors watch closely, worried about market uncertainty and supply chain risks.
Since January, Trump has threatened many trade actions but often reversed decisions. This unpredictable stance has worried world leaders and businesses alike. China suspended key mineral exports in April, adding strain, using these exports as leverage to pressure the US.
Trump accused China of breaking the tariff deal and increased tariffs on steel and aluminum. China denied this and warned of countermeasures. The US sees China as its main economic and military rival. Despite this, Trump has praised Xi’s leadership style and toughness.
Though Trump has sought talks with Xi for some time, China preferred working out issues quietly first. It’s unclear when they last spoke, but both sides say they talked just before Trump’s inauguration. Their talks now hold key importance for global trade and market stability ahead of the holiday season.