Trump and Xi had a phone call today
In an important diplomatic development, US President Donald Trump and Chinese President Xi Jinping held a phone call today, in a move that is expected to have positive repercussions on global markets.
This conversation comes within the framework of a series of high-level diplomatic contacts between the two superpowers, as it is believed that the topics raised have been carefully prepared in advance to ensure fruitful results.
Timing and nature of the call
Although it is unclear the exact timing of the call or whether it is still ongoing, observers expect that President Trump will publish details about it via his truth social platform shortly after the end of the call, as is his custom on such occasions.
It is worth noting that the White House has already announced in advance the possibility of such a call this week, without providing additional details at that time.
Expected topics for discussion
The conversation is expected to focus on the ongoing trade disputes between the two countries, especially in light of the recent escalation in trade tensions despite the agreement reached in mid-May to ease some tariffs, but this call comes at a time when the US Senate is working on new sanctions against Russia, a move that may indirectly affect China due to its economic ties with Moscow.
Market forecasts and economic repercussions
As for the reaction of the markets, the news of the call is expected to be positive, although it is difficult to determine the concrete actions that may result from it.
The market is unlikely to expect a significant reduction in tariff rates in the near term, but the mere holding of the conversation is in itself a positive factor contributing to the easing of tensions.
Among the expected results, we may see a reversal of some of the recently imposed restrictions on exports of rare metals and Chinese electronic chips, vital sectors for the global economy.
The move could help ease pressure on global supply chains, which have suffered disruptions recently.
