Trump Doubts Deal with Stubborn Xi, Darkens Prospects for US-China Trade resolution
Dampens Possible Deal Reach with China (Trump)
Let's dive into the latest developments in the US-China trade conflict—a rollercoaster ride that has caught the attention of the global economy. The situation took a turn for the worse, with President Trump expressing pessimism about reaching a resolution anytime soon with China's President Xi Jinping.
In a recent post on Truth Social, our Commander-in-Chief shared his thoughts on Xi, "I like the guy, but he can be hard as a rock when it comes to making deals. Cutting a deal with him would be a real handful." These words signal a shifting tide in the ongoing saga between these economic powerhouses.
With both sides accusing each other of backsliding on commitments and imposing new restrictions, the atmosphere has grown tense once more. Although a brief respite was enjoyed in the heated tariff battle between the world's largest economies, the US has taken measures against China recently. For instance, Washington blocked the delivery of crucial turbine parts to the Middle Kingdom and attempted to limit China's access to essential chip technology—actions that have unquestionably dampened Beijing's spirits.
On the other side of the Pacific, the situation doesn't seem to be much brighter. Chinese students studying in America have faced visa revocations, and Beijing stands accused of withholding crucial minerals required in the auto industry. It remains unclear what prompted Trump to post the aforementioned message on his social media platform, as recent reports suggest a potential conversation between the two leaders this week.
According to financial news agency Bloomberg, China could order hundreds of aircraft from Airbus, the world's largest aircraft manufacturer, in July. This move would occur during the visit of European heads of state, a significant development as Boeing, the U.S. aircraft giant, faces pressure in China.
Sources: ntv.de, lar/dpa
- USA
- China
- Donald Trump
- Xi Jinping
- Trade Disputes
- Amidst the US-China trade conflict, the community policy of Truth Social, the platform President Trump uses, has become a significant aspect of the ongoing negotiations, providing insights into the president's thoughts and strategies.
- In the realm of policy-and-legislation, the US government's employment policy, which includes the blocking of crucial turbine parts and limiting access to chip technology, has added more fuel to the US-China trade dispute.
- The general news, crime-and-justice sector also plays a role in this saga, as the revocation of visas for Chinese students in America and the accusation of withholding minerals by China influencing the dynamics of the trade dispute.
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