Amidst the ongoing tension between the US and China, there was a phone conversation between US President Donald Trump and Chinese President Xi Jinping on Thursday. This phone call lasted for 90 minutes and Trump says that very positive conclusion. The team of both countries will soon hold a meeting. Not only this, the Chinese President has also invited Trump and his wife to come here. After the conversation, Trump gave information about this through a post on Truth Social. Trump wrote in the post …
‘I have finished a very good conversation over the phone with Chinese President Xi. We discussed some recent complications and agreed to the trade deal. The phone call lasted for about one and a half hours, and as a result it came to a very positive conclusion for the two countries. Now there should be no question about the complication of the rare elements of the Earth. Our respective teams will have a meeting soon at a fixed location. We (America) Treasury Secretary Scott Besant, Commerce Secretary Howard Lutnik and the United States business representative, Ambassador Jaimison Greer Representation will be represented. During the conversation, President Xi politely invited America’s first woman (Trump’s wife) and me to come to China, and I did the same. This is something that we are ready to do as the presidents of two great countries. The conversation was almost completely focused on trade. Nothing was discussed related to Russia/Ukraine, or Iran. We will inform the media about scheduling and the location of the early meeting.
Stress increased after reciperook tariff
Along with Trump, China’s government media has also confirmed this call. The world’s two largest economies continue to have tension over trade between the US and China. This tension increased in April after the reciperook tariff imposed on China by the US. However, under the agreement signed in Geneva, Switzerland on May 12, the US had agreed to reduce the rate for 90 days from 145 percent to 30 percent in the case of reciperook tariff declared on April 2 for Chinese goods. In return, China also agreed to reduce the tariff to 10 percent on American goods for 90 days.
Fraud Marshall and his crooks’ Billboard of Pakistani General Aseem Munir and PM Shahbaz Sharif on Times Square in New York
Allegations of violation of agreement
This phone call also matters because Trump was recently accused of violating a relief agreement to China on tariffs and business restrictions. China also criticized the US for proceeding on China’s efforts to limit China’s access to advanced technology. At the same time, Trump also announced that he would start canceling the visa for Chinese students. The US has also accused China of violating the deal. Unlike Washington’s expectations, China has not relaxed the restrictions on the export of rare elements of the Earth.
China stopped rare economy exports in April
In April this year, China suspended the export of the Earth’s rare minerals and the magnets associated with them. This disrupted the supply chain of automobile manufacturers, manufacturers of aerospace sector, semiconductor companies and military contractors. Some factories making auto parts in Europe have stopped production. The announcement by China was made in April when new additional recipes were imposed on China on behalf of the US. Earlier in the day, news came that the Ministry of Chinese Commerce has said that the policy of exporting rare economy is in line with international practice.
Rare economy is used in electric motors, trains engines, batteries and many defense systems. It is difficult to make EV and high-tech automobiles without them. About 90% of the production of rare minerals of the Earth across the world is in China.
