Trump and Xi engage in phone conversation during trade dispute escalation
Trade Wars: Trump and Xi Talk It Out
In the heated thick of the trade war, Donald Trump, the US President, and his Chinese counterpart Xi Jinping got on the phone. In a surprising turn of events, Trump accepted an invitation to China and invited Xi in return, as he announced. China confirmed the visit invitiation.
The ongoing trade battle between the world's two biggest economies, the US and China, seemed to take a few steps forward, according to Trump. However, Beijing maintained a more reserved stance, emphasizing the importance of adhering to agreements, as per a statement from their side.
Phone Call Dynamics
Trump shared details about the phone call on his Truth Social platform. Lasting about an hour and a half, the conversation mainly revolved around the details of the trade agreement reached in May. Trump claimed there were "very positive results." Representatives from both nations would hold high-level trade talks soon, he added.
Xi, on the other hand, struck a more cautious tone. He reminded Trump about the need to stick to mutual agreements and pointed out China's track record of keeping promises. Since the Geneva consensus in May, both sides should honor it, Xi stated. Beijing urged the US to objectively evaluate the progress made and withdraw any negative measures.
Rare Earths in Focus
After the conversation, Trump mentioned there should no longer be any issues with rare earths, without providing additional details. China holds a dominant position in the global market for rare earths, which are essential for the production of numerous products.
Looking Forward: mutual visits
Trump expressed excitement about the planned mutual visits, stating he and Melania would travel to China at some point. The conversation between the two leaders did not involve discussions about Russia, Ukraine, or Iran, according to Trump.
A New Chapter in Diplomacy
This was the first known chat between the two presidents since Trump took office. Although they had spoken a few days before his inauguration, there had been no known conversations since. Given the high stakes nature of a direct exchange between the leaders, it carries significant weight.
Despite Trump's emphasis on a good relationship with Xi, he has escalated the long-standing conflict between the two nations. The imposition of staggering tariffs on Chinese imports and retaliatory counter-tariffs by Beijing have intensified the conflict.
Both sides had agreed to a temporary truce in mid-May, reducing tariffs reciprocally. However, the discord has resurfaced, and the underlying disagreements remain unresolved. Meanwhile, the US Senate is preparing a new sanctions package against Russia, which could potentially impact China significantly.
- The conversation between Trump and Xi also touched upon the sensitive issue of rare earths, with Trump expressing hope that there would be no further complications in this area.
- In general news, migration due to war-and-conflicts has been a significant concern in recent times, and a comprehensive policy-and-legislation is underway to address this issue.
- Interestingly, during the trade talks, neither Trump nor Xi raised the topic of crime-and-justice or accidents, such as car-accidents or fires, which are often associated with economic turmoil.
- In the realm of politics, the ongoing tensions between the US and China have led to fears of escalating into full-blown war-and-conflicts, threatening global peace and stability.
- In a recent incident, a major fire broke out in a chemical factory, resulting in accidents that have left several people injured, highlighting the need for stricter safety measures and crime-and-justice reforms in industrial settings.
