In an attempt to address mounting trade tensions revolving around tariffs and compliance matters, a telephonic conversation between President Trump of the United States and Chinese President Xi has been scheduled this week. The U.S. administration has announced that the two leaders will engage in point-blank discussions following President Trump’s public assertion that China reneged on a commitment to ease trade and tariff barriers.
Scott Bessent, U.S. Treasury Secretary, voiced on Sunday his anticipation that the communication between President Trump and President Xi would contribute towards mitigating the increasingly tumultuous scenario born out of the prolonged trade conflict between the two global economic giants. Presently, the United States is diligently pursuing to solidify deals with several international trading entities, with China being among the key players.
Expressing optimism towards their intentions, the White House assiduously notifies impending deadlines to the concerned nations via letters dispatched by the U.S. trade representative. The Trump administration’s faith in achieving these agreements has been reasserted by Karoline Leavitt, the White House Press Secretary. She communicated that their efforts have been progressive and that pertinent announcements can be anticipated soon.
Leavitt stated, ‘Under the guidance of President Trump, our Administration is keenly focusing on the domestication of crucial supply chains, inclusive of magnet production.’ Adding further, she conveyed that at the same time, China’s adherence towards their Geneva trade agreement is under continuous surveillance and President Trump will dwell into this subject directly with President Xi in the imminent future.
Although no solid agreements have seen the light of day yet, continuous parleys with countries such as India, United Kingdom, and China are viewed as promising. An important step towards this end is the deal with China, which witnessed the diminution of retaliatory tariffs introduced in retaliation to pre-existing tariffs imposed by President Trump.
The impending dialogue between the two preeminent leaders, President Trump, and Chinese President Xi holds paramount significance, given the context of their trade relations. The backdrop paints a picture of ascending tensions owing to reservations communicated by China.
China has pointed fingers at the United States, blaming them for compromising their agreed upon deal. They have expressed their discontent towards American actions related to ship export controls and the nullification of visas granted to Chinese students. In light of these allegations, the United States’ standpoint maintains that it remains within the boundaries of the agreement.
Marking the initiation of direct leader-level communication between President Trump and President Xi in the present administrative tenure, the proposed call is of substantial importance. Meanwhile, President Trump has not held back in advocating his international trading strategy.
In President Trump’s words, ‘The prospects of our country’s economic stability remain grim if we keep allowing other nations to wage tariffs on us, without us having the liberty to respond instantaneously and effectively by imposing tariffs on them in return.’
The post President Trump, Xi to Address Trade Tensions in Scheduled Phone Call appeared first on Real News Now.
About Author
