US President Donald Trump and China's President Xi Jinping will likely hold a long-awaited call later this week, the White House says.

US President Donald Trump and China's President Xi Jinping will likely hold a long-awaited call later this week, the White House says.

US President Donald Trump and China's President Xi Jinping will likely hold a long-awaited call later this week, according to the White House. This development comes amidst heightened tensions between the two countries over tariffs and trade restrictions, with both sides accusing each other of violating agreements.

The call is expected to address critical issues, including disputes over critical minerals and semiconductors. US officials have accused China of not loosening trade restrictions for these essential building blocks, while China has denied these allegations, citing US actions such as new export controls on semiconductors and halting chip design software. The Chinese Ministry of Commerce has accused the US of undermining the consensus reached in Geneva and during a Jan. 17 call between Trump and Xi.

Despite the uncertainty surrounding the timing of the call, Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick have expressed hope for a resolution soon. Trump and his team have expressed confidence in their ability to resolve the issues, but the outcome remains uncertain. The trade court's ruling on Trump's tariffs adds another layer of complexity to the negotiations, with the Supreme Court expected to eventually review the case.

The call between Trump and Xi is seen as a crucial step in resolving the ongoing trade tensions between the two countries. The White House has stated that once the China issues are resolved, negotiations with other nations will resume. However, the outcome of the call and the subsequent negotiations remain to be seen.

[1] https://finance.yahoo.com/news/donald-trumps-trade-agenda-is-on-hold-as-he-waits-on-a-call-with-xi-jinping-124449540.html
[2] https://www.investing.com/news/economic-indicators/trump-and-chinas-xi-will-likely-speak-this-week-white-house-says-4076548