US Seeks Xi Call Amid Escalating Trade War
US Seeks Xi Call Amid Escalating Trade War

US Seeks Xi Call Amid Escalating Trade War

News summary

The trade war between the United States and China is escalating, with both sides refusing to make the first move in negotiations. President Trump has implemented a hefty 145% tariff on Chinese goods, and in response, China has retaliated with a 125% tariff on U.S. imports. U.S. officials have urged China to initiate a leadership-level call to discuss the situation, but Beijing has consistently declined. The trade tensions have led to significant impacts on American companies, with industries like technology and agriculture facing severe challenges. As the trade war intensifies, both nations are digging in their heels, with China vowing to 'fight to the end' and the U.S. acknowledging the economic strain on its producers. The situation is becoming increasingly untenable as both sides seem entrenched in their positions.

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Last Updated
7 days ago
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