- Trump says the leaders agreed more conversations
- Tense commercial relations dominate countries conversations
- The 90 -day Tariff Reversion Agreement is still fragile
The president of the United States, Donald Trump, and Chinese leader Xi Jinping agreed more conversations between countries to resolve differences in rates that have traveled the global economy, according to the American and Chinese summaries of his phone call on Thursday.
“There should no longer be any questions about the complexity of rare earth products,” Trump wrote on social networks. “Our respective teams will meet shortly in a place to determine.”
Trump and a summary of the Chinese government of the meeting said the leaders had invited their respective countries on a future date.
“The American side must have a realistic vision of the progress made and withdraw the negative measures imposed on China,” the Chinese government said in a statement published by the State Xinhua news agency. “Xi Jinping welcomed Trump’s visit to China again, and Trump expressed his sincere gratitude.”
The highly anticipated call occurred in the midst of accusations between Washington and Beijing in recent weeks by “rare earths” in a dispute that has threatened to tear a fragile truce in the commercial war between the two largest economies.
The countries reached a 90 -day agreement on May 12 to withdraw some of the triple digit and tit rates per eye that had placed together since the inauguration of Trump in January.
Although the actions recovered, the temporary agreement did not address broader concerns that tense the bilateral relationship, from the illicit fentanyl trade to the state of Taiwan’s complaints and the United States about the economic model dominated by the state of China.
Since he returned to the White House in January, Trump has repeatedly threatened a series of punitive measures on commercial partners, only to revoke some of them at the last minute. The approach again and again has baffled world leaders and spooky business executives, who say that uncertainty has hindered the forecast of market conditions.
China’s decision in April to suspend exports of a wide range of minerals and critical magnets continues to interrupt the supplies that need car manufacturers, chip manufacturers and military contractors worldwide.
Beijing sees mineral exports as a source of leverage: stopping these exports could exert internal political pressure on the Republican president of the United States if economic growth sinks because companies cannot produce products with minerals.
The 90 -day agreement to reverse rates and commercial restrictions is dim. Trump accused China of violating the agreement and has ordered curbs in the chip design software and other shipments to China, while doubleing steel and aluminum rates at 50%. Beijing rejected the claim and threatened the countermeasures.
In recent years, the United States has identified China as its main geopolitical rival and the only country in the world capable of challenging the United States economically and militarily.
Despite this and repeated commercial threats and tariff ads, Trump has spoken XI admirer, even the hardness and ability of the Chinese leader to remain in power without the limits of term taxes to US presidents.
Trump has pressed for a long time for a call or a meeting with XI, but China has rejected that it does not agree with its traditional approach to resolve the details of the agreement before the leaders speak.
The president of the United States and his assistants see leader to leader as vital to classify the James of trunks that have bothered the inferior level officials in difficult negotiations.
Thursday’s call occurred to Trump’s request, said China.
It is not clear when the two men spoke for the last time.
Both parties said they spoke on January 17, days before the inauguration of Trump and Trump has repeatedly said that he had talked to XI since he assumed the position on January 20. He has refused to say when any call occurred or give details of his conversation. China had said that the two leaders had not had any recent phone call.
The conversations are being observed closely by investors concerned that a chaotic commercial war can reduce corporate profits and interrupt supply chains in the key months before the Christmas shopping season. Trump’s tariffs are also in accordance with the ongoing litigation in the courts of the United States.
Trump has met with XI on several occasions, including exchange visits in 2017, but have not been face to face since 2019, conversations in Osaka, Japan.
XI last traveled to the United States in November 2023, for a summit with then President Joe Biden, which resulted in agreements to resume military to military and fentanyl production.
