Trump, Xi hold call amid stalled tariff talks

President Trump spoke with Chinese President Xi Jinping on Thursday amid ongoing tensions and stalled negotiations between the two countries over tariffs.

Xinhua, a Chinese state media outlet, reported on the call, saying Xi “held phone talks” with Trump on Thursday. The White House did not immediately respond to a request for comment.

The U.S. is in a fragile truce with its top trading partner after officials hashed out an agreement with China last month to lower the tariff rate on imports from 145 percent to 30 percent. Beijing also lowered its rate on U.S. goods from 125 percent to 10 percent.

Trump and Xi have had a fraught relationship in recent years. The president on Wednesday said Xi is “extremely hard to make a deal with” but that he has always liked the Chinese president.

Trump a week ago railed against China, saying Beijing violated the trade agreement with the U.S. that lowered the tariff rate.

At the time, Treasury Secretary Scott Bessent said talks with China over trade are somewhat in limbo, telling Fox News’s Bret Baier they are “a bit stalled” but that there may be a call between Trump and Xi at some point.

Following the trade deal two weeks ago, Trump said he thought China would have suffered more if the escalating trade war had been prolonged.

Trump on Tuesday extended a long-running exemption for Chinese-made chips from a 25 percent tariff imposed during his first administration. The exemption, which was set to expire, was extended to Aug. 31 and comes as the administration weighs whether to impose separate import taxes on semiconductors.

The White House also sent a letter this week to trade partners, urging them to make trade deals before the 90-day pause on Trump’s “reciprocal tariffs” expires next month. Officials have not said which countries received the letters.

Trump and Xi spoke in January, just before the president’s inauguration, for talks focused on trade and the fate of the app TikTok.