US President Donald Trump and China’s counterpart Xi Jinping are likely to speak this week, White House press secretary Karoline Leavitt said on Monday, following the tension that flared between the two economic powerhouses over breaching tariff and trade restriction agreements.Responding to the reporter’s query, Leavitt said, “I can confirm that the two leaders will likely talk this week.” “And as always, when foreign leaders call, we will provide a readout of those calls,” she added, as per ABC News report.Treasury secretary Scott Bessent indicated on CBS’ “Face the Nation” that a discussion between Trump and Xi would occur “very soon” to address trade matters, including disputes over critical minerals and Chinese export limitations.Trump expressed confidence about speaking with Xi on Friday, while Chinese officials noted in April that no recent communications had occurred between the leaders.The US trade representative’s office extended tariff exclusions for certain solar manufacturing equipment and other Chinese products until August 31, providing additional time for ongoing Beijing negotiations.Bessent, who led Geneva negotiations resulting in a temporary trade war cessation between the world’s largest economies, acknowledged to Fox News that progress has been limited since then, Reuters reported.The US-China agreement to reduce triple-digit tariffs for 90 days sparked significant gains in global markets, though it failed to address core U.S. concerns about China’s state-controlled, export-focused economic structure.A US trade court determined on Wednesday that Trump exceeded his authority in implementing most tariffs on Chinese and other imports under emergency powers. However, a federal appeals court swiftly restored the tariffs the following day, temporarily suspending the trade court’s decision pending government appeal. The court set response deadlines of June 5 for plaintiffs and June 9 for the administration.
