US-China: Trump Awaits Call With Xi to Advance Trade Agreement

President Donald Trump announced today (May 12, 2025) that he is expecting to speak with Chinese President Xi Jinping later this week as part of ongoing efforts to finalize a trade agreement. The announcement comes after the U.S. declared a 90-day suspension of most prohibitive tariffs imposed on each other’s goods. “I will speak with President Xi, possibly by the end of the week,” Trump told reporters at the White House, welcoming the progress made during productive talks in Geneva over the weekend. He highlighted having a ‘very, very good relationship’ with China. Trump also noted that he does not expect U.S. tariffs on Chinese imports to return to 145% after the 90-day pause expires, expressing optimism that Washington and Beijing will reach an agreement. However, Trump added that American tariffs on Chinese products could still remain significantly high.