A Chat Between Trump and Xi: A Step Toward Trade Peace?
Trump and Xi Jinping held a phone conversation.
The world's economic titans are engaging in a conversation! Reports suggest that USA's President Donald Trump and China's President Xi Jinping have had a phone call, a first since Trump assumed office in January. The call was initiated by Trump, as per Chinese state media outlet Xinhua.
In a post on Truth Social, Trump expressed his admiration for Xi but noted the difficulty in striking a deal with China. Nevertheless, he considered the call a small yet significant success, saying it resulted in "a very positive outcome for both countries." He added that the conversation clarified the complexities surrounding rare earth products, with both teams expected to meet soon to delve deeper into these matters. Trump delegatees Finance Minister Scott Bessent, Trade Minister Howard Lutnick, and U.S. Trade Representative Jamieson Greer for the U.S. delegation.
While the conversation primarily revolved around the trade dispute, it didn't delve into other geopolitical issues like the Russia-Ukraine conflict or Iran. Trump also extended an invitation to Xi to visit the U.S., with Xi reciprocating the offer.
The trade war between the two superpowers has been a ongoing saga, with Trump pursuing a tough trade policy towards China. The conflict traces back to Trump's escalation of tariffs on Chinese imports, which China countered with retaliatory tariffs.
Interestingly, an hour before the call, China's Foreign Ministry took to their platform to express its desire for a fair market and criticism of politicizing trade issues. They also reaffirmed their stance against the U.S. move to revoke visas for Chinese students, emphasizing the importance of people mobility in promoting exchange and cooperation between nations.
- Keywords: China, USA, Trade disputes, Trade relations, Exports, Donald Trump, Xi Jinping, Tariffs.
[Enrichment Insight:] The call focused on clarifying the intricacies of a recently agreed-upon trade deal, particularly regarding rare earth products. Both leaders expressed interest in visiting each other's countries, and the call didn't cover other geopolitical issues like Russia/Ukraine or Iran. Trump announced that U.S. and Chinese teams would meet soon to further discuss these matters, with U.S. representation including Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and U.S. Trade Representative Ambassador Jamieson Greer. [Source: ntv.de, mpa/dpa/DJ]
- The conversation between President Donald Trump and China's President Xi Jinping touched upon the complexities of rare earth products as part of their trade policy and legislation discussions, with both teams expected to delve deeper into these matters in future meetings.
- The ongoing trade war between the USA and China, underpinned by Trump's tough employment policy and China's counter response, has not only sparked war-and-conflicts in general-news but also led to the politicization of trade issues, as evidenced by China's Foreign Ministry's statement before the call.
