Trump Claims Xi Tariff Talks; China Denies
Despite President Trump confirming a phone call with Chinese President Xi Jinping amid escalating tariff tensions, the Chinese Ministry of Commerce denies any ongoing trade negotiations between the two countries. The U.S. has levied tariffs as high as 145% on Chinese imports, prompting retaliatory tariffs from China. Trump, however, claims to have brokered 200 new trade deals with other countries and anticipates announcing these agreements soon. He views even high tariffs as a potential “total victory” for the U.S., suggesting significant economic benefits.