Trump and Xi held phone call on Thursday, Chinese state media reports
Share this @internewscast.com

Unlock the White House Watch newsletter for free

Donald Trump had a phone conversation with Chinese President Xi Jinping on Thursday, reported by the state-run Xinhua news agency, as trade tensions between the two largest global economies persisted.

The conversation took place a day after Trump characterized his Chinese counterpart as “extremely hard to make a deal with.” This exchange occurred during a week when both nations accused each other of not honoring a trade truce they agreed to in Geneva last month.

The two men were last known to have spoken to each other in January, before Trump’s second inauguration as president.

The agreement between the US and China temporarily lowered their reciprocal tariffs, which had risen to as high as 145 percent. Meanwhile, the US stated it would resume the import of essential rare earths and related magnets.

The US last week accused China of failing to live up to its promises to approve licences for exports of rare earths, leading to shortages that are threatening to shut down parts of US industry.

Beijing has accused the Washington of “seriously violating” of the Geneva agreement by issuing new warnings on using Huawei chips globally, halting sales of chip design software to Chinese companies and cancelling visas for Chinese students.

This is a developing story

Share this @internewscast.com
You May Also Like

The Impact of a Weak Dollar on UK Investors: Challenges and Strategic Responses

The declining value of the dollar spells trouble for UK investors with…

FC Barcelona Urged to Consider Coaching Change if Champions League Eludes Team

Renowned Polish football icon Jan Tomaszewski has voiced strong criticism towards FC…

Sinners Shatter Oscar History: Unprecedented Academy Awards Nomination Milestone

Ryan Coogler’s visually stunning vampire drama, “Sinners,” has made a significant mark…

U.S. and China Reach Agreement on TikTok Ownership

Topline A significant agreement has been reached between the United States and…

Affordable Investment Strategies: How to Buy Next Shares Without Breaking the Bank

Products highlighted in this article have been chosen independently by This is…

UK Financial Landscape Vulnerable as Local Fund Managers Turn Away from the City

Britain’s prowess in nurturing groundbreaking financial enterprises is renowned. It’s no coincidence…