A gauge of Chinese stocks traded in Hong Kong pared gains to 0.5% following Trump’s post. China’s Foreign Ministry didn’t immediately respond to a request for comment.
Tensions between the world’s largest economies are ratcheting up again after the two sides reached a tariff truce in May. The Trump administration in recent weeks has barred the shipping of critical jet engine parts to China, throttled Beijing’s access to chip-design software and slapped fresh curbs on Huawei Technologies Co. chips.US officials also announced last week a plan to start revoking visas for Chinese students.
Beyond strains in economic ties, geopolitical tensions are also growing. China’s Foreign Ministry over the weekend protested US Defense Secretary Pete Hegseth’s assertion at a gathering of military chiefs that China poses an imminent threat to Taiwan, a self-ruled island claimed by Beijing.
Trump expressed hope Friday he will soon speak with Xi, with White House economic adviser Kevin Hassett saying he expected a call to take place this week. For its part, Beijing has accused the US of unilaterally introducing new discriminatory restrictions, and vowed to retaliate if the US insists on its own way.
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