According to Chinese state media, this was the first day Donald Trump and Xi Jinping had spoken on the telephone since Trump’s returning to the White House.
China’s trade and tariff scheme, which it highlighted in Xi’s reading was at Trump’s request, comes as China resumes its trade and investment restrictions on a number of rare earth minerals and magnets essential to the nation’s mechanical, defense, and energy sectors.
OUTRAGED IN CHINA AS TIANANMEN SQUARE AND MACRON COMPARES UKRAINE TO TAIWAN
Trump’s two parties sat down for negotiations in Geneva, Switzerland, where the two sides were sat and received legal challenges to their trade policies, to lower the 145 % tariff on Chinese goods to 30 % last month. China responded in kind by lowering the rate for U.S. goods from 125 % to 10 %.
After Trump himself told investigators he anticipated speaking with Xi next month, Treasury Secretary Scott Bessent discussed the possibility of the phone last weekend.
This narrative is developing.
