Trump and Xi to Talk This Week: Trade Tensions Ease?

President Trump and China's Xi Jinping to Speak This Week Amid Trade Tensions Washington, D.C. – In a significant development, a senior White House official disclosed to CNBC that President Donald Trump and Chinese President Xi Jinping are likely to hold talks this week. While the exact timing remains unclear, the official stated that the conversation will likely happen "very soon." This announcement comes amidst heightened trade tensions between the two nations, with both sides accusing each other of undermining a trade agreement reached in Geneva weeks prior. Adding context, Deputy Treasury Secretary Michael Faulkender appeared on CNBC earlier today, shedding light on the nature of the current dispute. Faulkender explained that the disagreement centers on the export of critical minerals, particularly those used in the production of magnets. He emphasized that a resolution hinges on an agreement between President Trump and President Xi. "What we are seeing is that they are slow-walking the exporting of the critical minerals," Faulkender said, highlighting the importance of direct engagement between the two leaders to overcome this obstacle. The White House's optimistic projection suggests a potential breakthrough in these crucial negotiations. The upcoming conversation between Trump and Xi is seen as pivotal for resolving the trade impasse and ensuring a stable economic landscape. The focus on critical minerals underscores the strategic importance of these negotiations, extending beyond immediate trade concerns to broader geopolitical implications.