Essentially, the two presidents talked about talking more down the line to lower the temperature on tariffs and access to rare earth minerals. The exchange fueled hope on Wall Street that a trade war truce might be in the cards. “The US and China appear to have stepped back from their latest brink,” says analyst Bill Bishop, who writes the Sinocism newsletter. “Trump and Xi finally had their call, the Geneva ‘truce’ may be back on track, and to listen to Trump, the [China] halt in exports of rare earth magnets may be ending.”
fredag 6. juni 2025
Xi calls Trump’s bluff and wins, time and time again
China’s Xi Jinping and US President Donald Trump spoke over the phone Thursday (June 5), the first known formal contact of the Trump 2.0 era. Though signs of détente were few, the fact that the leaders of the world’s two biggest economies are speaking at all marks progress.
Essentially, the two presidents talked about talking more down the line to lower the temperature on tariffs and access to rare earth minerals. The exchange fueled hope on Wall Street that a trade war truce might be in the cards. “The US and China appear to have stepped back from their latest brink,” says analyst Bill Bishop, who writes the Sinocism newsletter. “Trump and Xi finally had their call, the Geneva ‘truce’ may be back on track, and to listen to Trump, the [China] halt in exports of rare earth magnets may be ending.”
Essentially, the two presidents talked about talking more down the line to lower the temperature on tariffs and access to rare earth minerals. The exchange fueled hope on Wall Street that a trade war truce might be in the cards. “The US and China appear to have stepped back from their latest brink,” says analyst Bill Bishop, who writes the Sinocism newsletter. “Trump and Xi finally had their call, the Geneva ‘truce’ may be back on track, and to listen to Trump, the [China] halt in exports of rare earth magnets may be ending.”
