
President Donald Trump and Chinese President Xi Jinping held a phone call Thursday amid ongoing tensions between the two superpowers — with a new in-person meeting planned soon. Limited time: Save 25% on NBC News subscription Get exclusive reporting, live Q&As and ad-free reading. Chinese state media and the Chinese foreign ministry said the call happened at the White House's request. The Chinese foreign ministry said Thursday morning that the call was ongoing as of 9 a.m. ET.
Main Idea: President Donald Trump and President Xi Jinping held a phone call as U.S.-China trade tensions continued, and both sides said a new meeting may happen soon.
Key Points:
More tariff fights can raise prices for US shoppers and squeeze small businesses that rely on Chinese goods.
A new Trump-Xi meeting could ease trade tensions and reduce some uncertainty for workers, investors, and supply chains.
Rate how each entity in this article affected the American people.
Central U.S. leader in the phone call, trade dispute, and tariff policy described throughout the article.
Central Chinese leader in the phone call and trade negotiations that are the main focus of the story.
Primary counterpart in the trade dispute and diplomatic negotiations with China.
Chinese parent company of TikTok, mentioned as part of the broader set of China-related issues facing Trump.
Major commercial platform tied to the U.S.-China tensions and deadline to force a sale or face a ban.
Commercial brand mentioned alongside Temu in the discussion of low-cost e-commerce and tariff effects.
Commercial brand mentioned as an example of low-cost e-commerce demand affected by tariff and de minimis changes.
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Sign in to commentMentioned in relation to the tariff deal Trump announced as a political pact rather than a formal agreement.
Cited for economist commentary on the trade deficit data; supporting financial institution in the article.