Trump-Xi talks postponed amid escalating trade tensions
The planned conversation between U.S. President Donald Trump and the Chairman of the People's Republic of China, Xi Jinping, will not take place on Tuesday, reports the "Wall Street Journal." The leaders were supposed to discuss the tariffs imposed on China.
On Tuesday, the planned conversation will not take place between President Donald Trump and the Chairman of the People's Republic of China, Xi Jinping, reported the "Wall Street Journal," citing a representative of the U.S. administration, but not providing information on the reason for the cancellation. It is unclear if and when the call has been rescheduled.
"Let's see what happens with the call today"
The conversation was previously announced by White House spokeswoman Karoline Leavitt and Trump's trade advisor Peter Navarro. When asked about the consequences of the 10% tariffs on Chinese goods, Navarro stated that everything will be revealed after the leaders' conversation. He responded similarly when questioned on whether the tariffs would be suspended for a month, as was the case with Canada and Mexico. He emphasized that the tariffs aim to stop the influx of fentanyl, of which China is the main source.
The additional 10% tariffs on all goods from China, announced by Trump on Saturday, went into effect at midnight from Monday to Tuesday. On Tuesday, Beijing announced its retaliation, declaring 15% tariffs on coal and LNG, and 10% tariffs on American crude oil, agricultural machinery, and large engine vehicles.
Separately, the Chinese Ministry of Commerce and the General Administration of Customs issued a communication about the control over the export of tungsten, tellurium, ruthenium, molybdenum, and ruthenium-related products to protect its "national security interests."
Also, the Chinese State Administration for Market Regulation (SAMR) informed on Tuesday that it will investigate the American technology giant Google for possible violations of antitrust regulations by the company.
