White House National Economic Council Director Kevin Hassett announced on Sunday that President Donald Trump and China’s President Xi Jinping are likely to hold a conversation about ongoing trade negotiations as soon as this week. However, Hassett clarified that no specific date for this high-level discussion has been officially scheduled.
Speaking during an interview on ABC News’ This Week, Hassett expressed optimism about the possibility of the two leaders engaging in meaningful talks. “President Trump, we expect, is going to have a wonderful conversation about the trade negotiations this week with President Xi,” he said. He further noted that the conversation will likely focus on the Geneva agreement, a 90-day trade deal that both countries reached recently in Switzerland and towards which both sides have shown favorable interest.
Daily Negotiations Continue Behind the Scenes
Even as the leaders prepare to potentially speak, Hassett emphasized that diplomatic and trade teams from both nations are actively engaged in daily discussions to move the negotiations forward. U.S. Trade Representative Jamieson Greer and his Chinese counterparts are maintaining consistent communication aimed at resolving remaining issues and building trust.
“The expectation is that both sides have expressed a willingness to talk,” Hassett added, highlighting that the ongoing talks at various levels reflect a shared interest in resolving trade tensions.
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Rising Tensions Amid Trade Disputes
Despite this positive outlook, tensions between the U.S. and China have escalated in recent days. President Trump accused China of violating the preliminary trade agreement, publicly expressing frustration via social media. “So much for being Mr. NICE GUY!” Trump tweeted, signaling his dissatisfaction with the progress and compliance of China’s commitments.
The President also mentioned that he is likely to address these allegations directly with President Xi during their upcoming discussions, indicating that these issues remain a critical sticking point in the relationship.
Frustration Within the Trump Administration
Members of the Trump administration have echoed the President’s concerns about China’s pace and sincerity in the negotiations. Commerce Secretary Howard Lutnick described China’s approach as “slow-rolling the deal,” suggesting that China may be intentionally delaying progress.
Similarly, Treasury Secretary Scott Bessent acknowledged last week on Fox News that trade talks are “a bit stalled,” but he remained hopeful. “I believe that we will be having more talks with them in the next few weeks,” Bessent said, underlining the administration’s continued efforts to keep dialogue open despite challenges.
The Stakes and What’s Next
This anticipated conversation between Trump and Xi represents a critical opportunity to advance one of the most important economic relationships in the world. The ongoing trade tensions have significant implications not only for the U.S. and China but also for the global economy.
As both sides prepare for this potential dialogue, markets and observers will be watching closely for any breakthroughs or setbacks. The hope is that a constructive discussion can solidify the Geneva agreement, address compliance concerns, and lay the groundwork for longer-term cooperation.
Conclusion
While the exact timing remains uncertain, the expressed willingness from both leaders to engage in talks signals a potential thaw in trade relations. With ongoing diplomatic efforts and high-level talks on the horizon, the next few weeks could be pivotal in shaping the future of U.S.-China trade policy.
