Investing.com -- A U.S. official has confirmed to the WSJ that President Trump and his Chinese counterpart, Xi Jinping, will not be speaking on the phone today. This announcement contradicts a previous statement by trade adviser Peter Navarro, suggesting the two leaders would hold a conversation.
While Trump and Xi Jinping have spoken in the past, a call at this time would have likely focused on new tariffs imposed by the U.S. on China. These tariffs, set at 10%, came into effect early Tuesday morning. In response, China announced retaliatory measures, scheduled to take effect on February 10.
On Monday, both Canada and Mexico agreed to enhance their border security measures and take additional steps to combat drug trafficking following conversations with President Trump. As a results, Trump delayed 25% tariffs on both counties for at least 30 days.
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