Washington D.C. - President Donald Trump and Chinese President Xi Jinping held a phone call on Thursday, during which they discussed the ongoing trade dispute between the United States and China. According to President Trump, the conversation was productive, and both leaders agreed to restart trade negotiations in the near future.
The call follows a period of strained relations and stalled talks after previous negotiations failed to produce a comprehensive agreement. The primary sticking point has been the enforcement mechanism for any potential deal, with the US seeking guarantees that China will adhere to its commitments.
Analysts suggest that the resumption of talks could lead to a temporary easing of tariffs, potentially benefiting businesses and consumers in both countries. However, significant hurdles remain, and a long-term resolution to the trade conflict is still uncertain. The global economy is closely watching developments, as the trade dispute has impacted international markets and supply chains.
US and China Plan to Restart Trade Talks After Trump-Xi Call
President Trump spoke with Chinese President Xi Jinping on Thursday, signaling a potential thaw in trade tensions. The call comes after a period of stalled negotiations over a temporary agreement aimed at de-escalating tariff disputes. Both leaders expressed a willingness to resume talks soon, offering a glimmer of hope for resolving the ongoing trade conflict. This renewed dialogue could impact global markets and supply chains.
Source: Read the original article at CBS