U.S. President Donald Trump and Chinese leader Xi Jinping agreed to further talks to resolve trade disputes, including tariffs and 'rare earths' minerals, following a phone call on Thursday. This agreement comes amidst ongoing trade tensions and accusations, with a previous 90-day deal proving tenuous.
Trump and Xi agree to further talks to settle trade disputes between U.S., China
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U.S. President Donald Trump and Chinese leader Xi Jinping agreed to further talks to resolve trade disputes, including tariffs and 'rare earths' minerals, following a phone call on Thursday. This agreement comes amidst ongoing trade tensions and accusations, with a previous 90-day deal proving tenuous.
Trending- 1 January (unspecified year): Trump's inauguration.
- 2 January 17 (unspecified year): Both sides claim to have spoken.
- 3 January 20 (unspecified year): Trump takes office.
- 4 April (unspecified year): China suspends exports of critical minerals and magnets.
- 5 May 12 (unspecified year): Countries struck a 90-day deal to roll back some tariffs.
- 6 Recent weeks: Accusations between Washington and Beijing over 'rare earths' minerals.
- 7 Thursday, June 5, 2025: Trump and Xi agree to further talks via phone call.
- Further trade talks expected between the U.S. and China
- Continued uncertainty for investors and businesses due to trade tensions
- Potential impact on corporate earnings and global supply chains
- Ongoing litigation in U.S. courts regarding tariffs
What: U.S. President Donald Trump and Chinese leader Xi Jinping agreed to further talks to settle trade disputes.
When: Thursday, June 5, 2025
Where: Phone call between leaders; future meetings at a location to be determined.
Why: To hash out differences on tariffs and 'rare earths' minerals that have roiled the global economy, and to address broader concerns straining the bilateral relationship.
How: Through a phone call between President Trump and President Xi, leading to an agreement for their respective teams to meet.