China trade tensions this week. Tensions are simmering as Washington and Beijing accuse each other of undermining last month’s agreement–and officials hint of a possible phone call between U.S. President Donald Trump and Chinese President Xi Jinping this week.

Trade frictions between Washington and Beijing have flared up after a hiatus following a meeting between U.S. Treasury Secretary Scott Bessent and his Chinese counterpart.

China has pushed back against President Trump’s accusation that it broke a trade truce reached weeks earlier, as a re-escalation of tensions dims hopes of a resolution. Beijing has acted responsibly and upheld the consensus reached at the economic and trade talks in Geneva,