Trump says he may speak to Xi this week

US President Donald Trump said he would likely speak to Chinese leader Xi Jinping later this week following talks between Washington and Beijing to temporarily lower tariffs and de-escalate the trade war between the world’s two largest economies, Bloomberg reported.

“I’ll speak to President Xi, maybe at the end of the week,” Trump said at the White House on Monday.

The tariff arrangement, agreed to after talks in Switzerland between Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer with a Chinese delegation, will see the combined 145% US levies on most Chinese imports reduced to 30% — including the rate tied to fentanyl by May 14 — while the 125% Chinese duties on US goods will drop to 10%.