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CNBC's The China Connection newsletter: The U.S. wants China to call. Why it won't – for now [CNBC]
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A confluence of economic and cultural differences have led to the standoff. Instead of talking to Trump, Xi this week is making his first overseas state visit of 2025 to Southeast Asia: Vietnam, Malaysia and then Cambodia. Trade tensions between the world's two largest economies have escalated in the last two weeks. This report is from this week's edition of CNBC's The China Connection newsletter, which brings you insights and analysis on what's driving the world's second-largest economy. Each week, we'll explore the biggest business stories in China, give a lowdown on market moves and help you set up for the week ahead. Like what you see? You can subscribe The big story The last time and Chinese President spoke was Less than two weeks after becoming president for a second time, Trump added 10% tariffs on Chinese goods, and said he would “We called the White House. ‘How did the call go?'” a senior U.S. business executive who wished to remain unnamed told me last week. T
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