President Donald Trump described a recent call with Chinese leader Xi Jinping as "very good," signaling potential progress on trade and agricultural cooperation. The leaders discussed issues including Ukraine/Russia, fentanyl, and farm products such as soybeans. Trump highlighted a deal benefiting U.S. farmers and accepted Xi's invitation to visit Beijing in April, while extending an invitation for Xi to visit the U.S. later in the year.
© Tomasragina | Dreamstime
The exchange comes amid ongoing trade and security disputes, but uncertainty remains due to a pending Supreme Court ruling on the president's authority to impose tariffs under the International Emergency Economic Powers Act (IEEPA). Critics argue that taxing authority resides with Congress, leaving the future of current tariffs unclear.
Meanwhile, Trump emphasized that tariff revenues are expected to rise as foreign buyers clear stockpiled goods. Businesses and trading partners remain cautious, awaiting both potential legal and political developments that could impact U.S.-China trade and the broader economic outlook.
Source: www.furnituretoday.com
