05.06.2025 17:11
U.S. President Donald Trump and Chinese President Xi Jinping spoke on the phone for the first time following the escalating trade tensions between the two countries due to mutual tariff increases. It was reported that the request for the conversation came from Trump.
Chinese President Xi Jinping held a phone conversation with U.S. President Donald Trump. It was reported that the request for the conversation came from Trump. The two leaders spoke for the first time following the escalating trade tensions due to mutual increases in tariff rates. No official statement has yet been made by either country regarding the details of the conversation.
U.S.-CHINA TRADE TENSION
After the two largest economies in the world mutually raised their customs duties, delegations from both countries met in Geneva, Switzerland, and partially reduced the tariffs. China's suspension of rare earth element and magnet exports in April as a result of trade tensions threatens supply chains in many sectors, from automotive to defense, while no official statement has yet been made by either side regarding the meeting.
White House spokesperson Karoline Leavitt stated the day before yesterday that a meeting between Trump and Chinese President Xi Jinping is expected to take place this week, and that the export ban is high on the agenda, saying, "Our administration is closely monitoring China's compliance with the Geneva Trade Agreement."