In a significant development, US President Donald Trump and Chinese President Xi Jinping held a phone call amid ongoing tensions over trade and tariffs. Both leaders are expected to address the long-standing trade standoff and unresolved tariff negotiations that have strained US-China relations. This call marks their first communication since the tariff war began. Chinese state media reported on the conversation, highlighting the challenges the leaders face in reaching a deal, with Trump expressing frustration over the difficulties in negotiations. The stock market reacted by wavering, reflecting the uncertainty surrounding the trade discussions as investors keep a close eye on potential outcomes.