U.S. Treasury Secretary Scott Bessent announced that President Trump and Chinese President Xi Jinping are likely to have a conversation soon regarding the ongoing trade disputes, specifically focusing on the minerals trade. Bessent, while expressing confidence that the details of the U.S.-China trade agreement will be resolved during this anticipated discussion, noted that current negotiations are stalled and may require direct intervention from both leaders to progress. Despite some retailers considering price hikes due to tariffs, discussions suggest a potential easing of tensions following the Trump-Xi dialogue. The situation remains dynamic, with officials from both countries working to establish a timeline for the call.