White House: Trump and China's Xi will likely talk very soon

Trump trying to call Xi after accusing China of deal violation

According to a CNBC report published on June 2, 2025, a senior White House official stated that President Donald Trump and Chinese President Xi Jinping are expected to speak "very soon," probably by this week. This follows Trump's Friday Truth threatening China for violation of the Geneva tariff pause deal.

China Slams US for Violating Geneva Trade Deal, Vows to Defend Interests

On early Asian Monday, June 2, 2025, the Chinese Commerce Ministry (MOFCOM) accused the United States of a "serious violation" of theGeneva trade consensus, rejecting claims by President Donald Trump that China breached the agreement. The Geneva talks, held May 10-11, 2025, resulted in a joint statement announcing a 90-day pause on reciprocal tariffs.

MOFCOM specifically criticized recent U.S. actions, including new AI chip export control guidelines, halting sales of chip design software to China, and revoking visas for Chinese students, as undermining the consensus. Beijing asserts it has "strictly implemented and actively upheld" the agreement while urging the U.S. to correct its "erroneous actions" and warning of "strong measures" to protect its interests if the U.S. persists

The expected call between Trump and Xi Jinping this week, as reported by CNBC, may aim to address these tensions, though no specific date has been confirmed and China remains silent so far.

Earlier, U.S. Treasury Secretary Scott Bessent and National Economic Council Director Kevin Hassett indicated in weekend interviews that a call between President Donald Trump and Chinese President Xi Jinping is anticipated soon to address escalating trade tensions. Bessent noted on Fox News that trade talks are "a bit stalled," suggesting a Trump-Xi call could be crucial for progress, while Hassett emphasized Trump's stance that China must initiate contact.




Ashish Ghosh is a NCFM certified research analyst for the global and Indian financial markets. With more than 15 years of experience in the capital market, Ashish has been published in high-profile online media regularly. He holds a B.Sc. in Math along with NCFM certification for Technical and Fundamental analysis. Presently, he is working with iForex as a financial analyst/content writer since 2017, analyzing mainly the global and Indian markets. You can reach him for professional levels trading ideas or signals through Gmail/telegram ID: ashishghoshjpg/asisjpg

Popular posts from this blog

Is Trump playing the YCC game, targeting Powell and tariffs?

Image
·          Under Trump 2.0, USD slid ~11% in the first six months, positive for export-heavy US MNCs, but US10Y bond yield remains around 4.3% ·          Despite Trump’s ongoing insult, Fed Chair Powell is surprisingly cool; is there a tacit understanding? ·          US Treasury Secretary Bessent is now urging the Fed to cut 50 bps in September (after the expected July hold)  US President Trump is now desperately commenting against Fed Chair Powell almost every other day for not cutting rates by at least 100 bps in H1CY25. Trump is now insulting Powell much more than his 1 st term in a deliberate pattern, talking about shadow Fed Chair in a desperate attempt to keep US short-term (5Y/10Y) bond yields lower as the US has to roll over almost $9T of treasury debt later this year (H2CY25). This may be the main reason apart from a potential stagflation-like scen...
Read more

Stocks surged on less hawkish Trump tariffs and Fed talks

Image
  ·          Trump is scaling back reciprocal tariffs ~10% on most countries except Brazil and Canada so far; Chinese tariffs now ~30% including a 20% Fentanyl levy ·          Trump’s net effective Canada tariffs remain unchanged at 9.50% (April vs August), while that for Mexico may remain around 15% ·          Fed is now preparing the market for 50 bps cumulative rate cuts in September and December, with a potential QT/QE combination (MBS/TSY reshuffling) ·          Fed may continue to drain out MBS and buy TSY bonds to recalibrate the Balance Sheet and bond yield market as a long-term strategy Wall Street surged Wednesday, July 9, on techs boost amid signs of tech & trade war de-escalation between the US and China. Trump sounded soft on China in his daily media briefings. Trump said: “I have a good relationship with C...
Read more

Wall Street slips on an imminent Powell resignation chatter

Image
  ·     The Trump admin may be plotting a coordinated strategy to force Powell to an early resignation over the Fed’s $2.5B HQ renovation project controversy ·          Trump needs an immediate lower borrowing costs desperately to refinance $9T of public debt (US TSYs) at lower borrowing costs by later this year ·          Trump is seeking 300 bps rate cuts in H2CY25 against the Fed’s present plan of 50 bps ·          Wall Street may slide on Trump’s EU tariff threat of 30% (against 10% expectations) and any sudden resignation by Fed Chair Powell On Friday, July 11, 2025, Wall Street slips in the last hour of trading on a rumor that Fed Chair Powell may resign within the next few days, even before the Fed blackout period starting from July 20. The FOMC meeting is scheduled for July 29-30. On late Friday, the Chair of the board of Fannie Mae...
Read more