After weeks of silence and growing pressure, President Donald Trump finally picked up the phone on Thursday and called Chinese President Xi — and this time, Beijing answered.
The call, confirmed by China’s Xinhua News Agency and the Ministry of Foreign Affairs, was initiated by Trump as U.S.-China trade tensions continued to rise.
📞 Only the Second Call This Year — And Stakes Are High
It was just the second time the two leaders have spoken this year — the first being back on January 17th, before Trump’s return to the White House. Since then, tensions have escalated, with the U.S. accusing China of stalling on key mineral exports that were promised during negotiations in Geneva.
The call focused on those delays, but also touched on broader issues, including chip export restrictions and new U.S. visa limits for Chinese students. While the White House frames these moves as national security measures, Beijing has slammed them as politically motivated actions that “undermine recent diplomatic progress.”
🌍 Global Tensions, Market Movements
Despite the lack of detailed information about the call, markets responded quickly:
🔹 Dow Jones +89 points
🔹 S&P 500 and Nasdaq-100 futures up 0.2%
📈 Any signal of renewed dialogue between the world’s two largest economies was enough to move markets — including digital assets, where investors watch macro signals for shifts in risk sentiment.
⚠️ Trump Presses Xi on Exports and Tech Restrictions
During the call, Trump reportedly raised:
🔹 Delays in critical mineral exports — essential for chipmaking and battery tech
🔹 Chip export bans aimed at reducing U.S. reliance on Chinese semiconductors
🔹 Visa restrictions on Chinese students, criticized by Beijing as a direct attack on educational and youth exchanges
Chinese officials responded angrily, stating that the U.S. is targeting young people and education to gain political leverage. Trump, however, remains firm. His administration sees these actions as necessary to protect strategic American interests.
📊 Trade Data Highlights the Pressure
Coinciding with the phone call, new trade data showed the U.S. trade deficit fell to $61.6 billion in May, the lowest since September 2023 — and the sharpest monthly drop since 1992.
🔹 Exports rose by $8.3 billion
🔹 Imports dropped by $68.4 billion
The shift came as companies rushed to import goods ahead of Trump’s new tariffs, set to take effect on April 2nd — dubbed “Liberation Day.”
🧠 What Does This Mean for Crypto?
While traditional markets moved first, the crypto space is watching closely. Here's why it matters:
🔹 Trade wars may boost Bitcoin demand as a hedge against macro uncertainty
🔹 Mineral export issues could impact chip supply — directly affecting mining
🔹 Geopolitical risk equals volatility, and volatility means opportunity
Any future talks between Trump and Xi could trigger sudden market movements — both in equities and digital assets.
#TRUMP , #usa , #china , #bitcoin , #Geopolitics
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