TRUMP -XI PHONE CALL EASES TRADE WAR TENSIONS!

The recent phone call between US President Donald Trump and Chinese President Xi Jinping has indeed eased trade war tensions between the two nations. Here's what's happening :

Positive Conclusion: The call, which lasted around 1.5 hours, resulted in a "very positive conclusion" for both countries, according to Trump. Xi and Trump discussed trade intricacies and agreed to hold more tariff talks.

Tariff Talks: The two leaders aim to reduce tariff rates while negotiations take place, as per their agreement on May 12. Trump mentioned that there should no longer be any questions on rare earth products.

In-Person Meeting: Trump and Xi have agreed to meet in person, although no specific date has been set. Both leaders have extended invitations to visit each other's countries.

Diverging Readouts: While Trump described the call as "very good," China's readout was more muted, with Xi emphasizing the need to "correct the course" of ties.

Focus on Trade: The conversation was focused almost entirely on trade, with no discussions on Russia/Ukraine or Iran, according to Trump.

What's Next?

Further Negotiations: The US and Chinese trade teams will hold a new meeting shortly to discuss tariffs and other trade issues.

Market Impact: The phone call has likely reduced market volatility, at least in the short term, as investors await further developments in the trade negotiations.

Global Economic Implications: The outcome of these talks will have significant implications for global trade and economic stability .#BlackRockETHPurchase #MarketPullback #TRUMP #X $BTC $TRUMP