Trump, Xi Jinping to Swap Trade War Stories Over Coffee

Trump, Xi Jinping to Swap Trade War Stories Over Coffee

3 minute read
Published: 6/2/2025

In a world where minerals are more critical than your morning coffee, President Trump and China's Xi Jinping are gearing up for a chat to settle their latest trade squabbles—though no one’s quite sure when that call will happen.

As President Trump prepares to confront Xi Jinping over trade disputes centering on vital minerals and allegations of broken agreements, Treasury Secretary Scott Bessent remains optimistic that the two leaders can brew a solution soon. However, the absence of a set date for their conversation leaves many wondering if, like a badly timed delivery, resolution is still somewhere down the line, despite the rising military tensions and tariff battles that have everyone on edge.

The upcoming discussion will focus on critical minerals, those unusual assets that seem to hold more weight than gold during a recession. Trump is convinced that China has been playing fast and loose with trade agreements, particularly regarding tariffs and trade restrictions, leading to this high-stakes phone call. In a world where trade agreements almost sound like episodes from a reality show, nothing is off the table—except perhaps a resolution if one goes by past experience.

Bessent noted that China has been suspected of withholding certain crucial products. Whether this intentional or just a glitch in their extravagant supply chain isn't entirely clear. After all, who among us hasn't mistakenly sent an email to the wrong person and denied it? Considering the volatile nature of the U.S.-China relationship, a glitch in trade could easily escalate into a full-blown power struggle. If only those critical minerals were as easy to acquire as a quick shopping trip to the store.

While there's no specific date set for the call—because who needs punctuality in international diplomacy, right?—White House officials are salting the conversation with references to the Geneva agreement on tariff disputes. This treaty has somehow survived beyond the lifespan of many houseplants, surviving the whims and wishes of both nations. One can only hope that the 'spirit of Geneva' can translate into a much-needed compromise, rather than just more perplexing paperwork that no one understands.

Recent agreements led the U.S. to hit the pause button, reducing tariffs from a sky-high 145% to around 30%. That's a little like telling someone they can finally eat dessert after only subduing their vegetable intake to just half their plate. Although it may appear like progress, it’s easy to wonder if this is merely the calm before the storm. Stephen Miller, the White House deputy chief of staff, took a bolder stance, asserting that China has 'abrogated the agreement' entirely. It’s a brave new world when even diplomatic documents are caught in the great shifting sands of ‘What Was Agreed vs. What Was Done.’

As this executive duo prepares to clink coffee cups over digital chat, they aren't just grappling with tariffs. There's an undercurrent of military tension concerning Taiwan that casts a shadow over their dinner conversations. Feeling the budget crunch on both sides, apart from who holds the monopoly on critical minerals, it seems like they also have to factor in regional security. Surprising how the world's trade disputes can suddenly morph into an episode of 'Keeping Up With The Geopolitics'.

In all seriousness, trade wars seem to be as cyclical as your neighbor's weekend barbeques—and just as hot. As both leaders sip on their respective brews, we can only hope that their discussions won't just be perfunctory pleasantries followed by vague platitudes. Given the stakes, we can’t help but watch closely, perhaps with popcorn in hand for when those fireworks inevitably go off during discussions of tariffs.

And so, as the world waits with bated breath (and more than a little bit of apprehension), the reality is crystal clear: the trade tides may still be shifting, but the conversations sure promise to be anything but boring. Let's see if this brew-ha-ha over critical minerals will yield something substantial. After all, all parties could certainly use a little less tension and a little more understanding—unless, of course, it’s all just a prelude to the next round of tariffs, where the stakes might be even higher than they currently are. But what's life without a little excitement, right?