President Trump and Xi Jinping Hold Strategic Call Amid Tensions
President Donald Trump and Chinese President Xi Jinping held a phone call on Thursday, marking their first formal conversation since Trump assumed office earlier this year, according to Chinese state media.
The call came amid renewed trade tensions that have strained relations between the world’s two largest economies.
Chinese outlet Xinhua reported the dialogue, though the White House has yet to issue a statement. U.S. equity futures spiked to session highs following the news, reflecting market optimism that the conversation could ease mounting concerns over a potential escalation.
The exchange comes at a delicate moment. Recent accusations from both Washington and Beijing suggest that each side views the other as breaching the fragile trade truce that had rolled back steep tariffs. The breakdown in trust has threatened to reignite hostilities just as investors hoped for stability.
President Trump has consistently argued that only direct engagement with Xi can deliver lasting results, emphasizing a preference for leader-to-leader negotiation. However, Xi has traditionally favored allowing his advisers to handle policy discussions, making Thursday’s call a potentially meaningful shift.
Market watchers and geopolitical analysts now await further developments, looking for signs that the phone call could reopen the door to compromise and renewed negotiations.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
