In a significant development for international trade, President Donald Trump announced that the United States and China will resume trade talks following a “very positive” conversation with Chinese leader Xi Jinping. The renewed negotiations aim to break the impasse over tariffs affecting both nations.

President Trump remains steadfast on maintaining tariffs, referring to them as “medicine” for the economy, even as markets experience significant turmoil. His unyielding stance continues to influence market reactions and spark discussions on economic policies.