president Donald Trump Happed a call on Thursday with the Chinese president XI JinpingSaid Beijing.
According to Beijing’s Ministry of Foreign Affairs and China’s embassy in the USA, the call was initiated by Trump.
The White House did not immediately respond to the request from CNBC for a comment on the report.
Shares were opened higher Thursday morning, as the investors hoped, the call from Trump-Xi would break the current patient situation in the trade talks of the two countries. However, the profits quickly gushed when dealers were waiting for details from this call.
The dead end between the two economic superpowers – whose trade relationship was overall Almost 600 billion US dollars In 2024 – Trump’s wider tariff regime weighs one that already has one Real effects.
Trump has Reports I endeavored to speak to XI because the trade relationships between the two countries continue to fray last week.
While Washington and Beijing temporarily reduced the goods of the other after constructive discussions in Switzerland last month, this preliminary agreement has been threatened since then.
The Trump administration has publicly accused Beijing of having slowly turned away from having turned away from the negotiations in Geneva to export more critical minerals.
China has now expressed deep frustration about a recent decision to impose new restrictions on the Chinese student visa. It also accused the Trump administration to undermine the recent commercial progress by issuing an industry warning against the use of Chinese semiconductors.
The Trump management has also imposed additional export restrictions on chips. The White House claims that the measures are necessary to protect national security, but Beijing sees it as law enforcement.
The conversation on Thursday was only the second time this year that the two guides held a single call. Trump and XI previously spoke on January 17 before the US President’s inauguration.
Before the recent call, Trump XI praised in a social media contribution that also revealed his frustration.
“I like President Xi from China, always have and will always do it, but he is very hard and extremely difficult to make with !!!” Trump wrote early Wednesday morning.
China was a main goal of Trump’s efforts, steep, one -sided tariffs for the declared goal of re -calibrating America’s trade relationships with the rest of the world.
In April, Trump had collected ceiling tariffs to Chinese imports of up to 145% when he temporarily lowered the tasks in most other countries to 10%. Beijing increased the tariffs to US goods to 125%.
The tariffs effectively led to a trading embargo. But this logjam seemed to be postponed in Geneva after talks, which both sides described as successful and productive.
These are a contribution. Please update updates.
– Evelyn Cheng and Christina Wilkie from CNBC contributed to this report.
