Washington D.C. - President Donald Trump is likely to speak with Chinese President Xi Jinping sometime this week to discuss trade, the White House confirmed on Tuesday. The highly anticipated call comes amidst ongoing trade negotiations between the United States and China.
Tariffs imposed by both countries have already begun to affect numerous industries. CBS News correspondent Nancy Cordes recently reported on the impact on the shoe industry, highlighting concerns among manufacturers and retailers.
The upcoming discussion between Trump and Xi is seen as a crucial opportunity to de-escalate tensions and potentially move towards a trade agreement. However, significant differences remain between the two sides on issues such as intellectual property protection and market access. Analysts are cautiously optimistic, but emphasize the complexity of the negotiations and the potential for further disagreements.
Trump and Xi Jinping Expected to Discuss Trade This Week
President Trump is expected to speak with Chinese President Xi Jinping this week, according to the White House. The call will likely focus on ongoing trade negotiations between the two countries. Tensions remain high as tariffs continue to impact various industries, including the shoe industry. Experts are closely watching the discussions for potential breakthroughs or further escalation.
Source: Read the original article at CBS