Trade tensions between the US and China are reaching a fever pitch, prompting a likely phone call this week between President Trump and President Xi. A White House official confirmed the anticipated conversation, highlighting its significance in navigating the increasingly complex trade landscape.

According to Treasury Secretary Bessent, the discussion will center on key disagreements surrounding critical minerals and export restrictions. While both sides have engaged in previous negotiations and extended tariff exclusions, core US concerns regarding China’s economic practices remain unresolved. These unresolved issues are further complicated by ongoing legal challenges concerning the implementation of existing tariffs.

The upcoming conversation holds immense weight, with the potential to significantly impact the global economy. The stakes are high as both nations grapple with the ramifications of escalating trade disputes and the ongoing battle for economic dominance.