Trump and Xi Prepare for Key Call Amid Trade Tensions

1 min read
Source: Barron's
Trump and Xi Prepare for Key Call Amid Trade Tensions
Photo: Barron's
TL;DR

President Trump and Chinese leader Xi Jinping are expected to have a call soon, while Trump plans to sign an executive order to double steel and aluminum tariffs from 25% to 50%, amid ongoing trade tensions and disputes over compliance with trade agreements. The OECD has forecasted a slowdown in global growth due to tariffs, but the White House remains optimistic about negotiations, including upcoming trade offers from other countries.

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