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

President Donald Trump and Chinese president Xi Jinping are likely to speak this week, an elder White House The manager told CNBC on Monday.

The expected discussion follows a series of fustigations Between Washington and Beijing who threatens to derail a provisional trade agreement That the two economic superpowers reached a few weeks earlier.

The two leaders could speak head-on “very soon”, but probably not today, said the manager on condition of anonymity.

American market indices Open lower Monday morning, while investors responded to the increasingly conflicting tone of public messages between the United States and China.

Trade between countries – which was strongly based on the activities of others – was actually crushed in April, when Trump reached general prices on Chinese imports up to 145% and Beijing has published large reprisals. The two parties agreed to reduce most of these prices for 90 days after a first cycle of commercial negotiations in Switzerland in mid-May.

But each nation has since accused the other of undermining the agreements concluded in Geneva.

In recent weeks, the Trump administration has accused China of exporting critical mineral exports to the United States, while Beijing called Washington To issue a warning against the use of Chinese chips.

Monday, a spokesman for the Chinese Ministry of Commerce accused the United States To try to “unilaterally provoke new economic and commercial frictions, increasing the uncertainty and instability of bilateral economic and commercial relations”.

Trump administration officials have recognized that progress in US-Chinese trade negotiations have slowed down. Treasury secretary Scott bets said on Thursday that the breakdown of the Logjam “will force the two leaders to weigh themselves between them”.

But Trump evacuated frustration with China while the roadblocks emerged.

“China, perhaps unsurprising for some, has completely violated its agreement with us”, ” Trump wrote In a social article of truth on Friday.

“So much to be Mr. Nice Guy!” He wrote.