Beijing insists it has met its commitments to “suspend or cancel” its nontariff retaliatory measures to Trump’s April 2 “Liberation Day” tariffs. China announced restrictions on seven rare earths and magnets on April 4, although it never officially said this was in retaliation.

President Trump and Chinese President Xi Jinping spoke on Thursday, Chinese state media said, amid rising trade war tensions. Why it matters: Washington and Beijing have accused each other of violating the 90-day trade truce reached three weeks ago,

U.S. President Donald Trump and Chinese counterpart Xi Jinping held talks this morning, according to reports from Chinese media. While there weren't any details of the discussion, it was likely about trade tensions that have been reignited in the past week.