US President Donald Trump has slapped a fresh round of steep tariffs on Chinese goods on 10th April, bringing the total additional duties on certain items to 145%.
"For decades, Chinese companies have availed themselves of the benefits of US financial markets, and capital raised in the US has helped fuel China's rapid economic growth," Trump said
The two leaders spoke a week after their envoys sealed a "Phase 1" agreement aimed at ending an 18-month trade war that has rattled markets and raised tensions.
Investors are closely watching for any signs of progress on a phase-one deal as worries increase that Trump may slap more tariffs on China later this month
A source familiar with the trade talks also told Reuters that US officials could travel to China after Thursday's Thanksgiving holiday in the United States
Trump and Chinese President Xi Jinping had planned to sign "phase one" of the deal at an international conference this month in Chile that was canceled because of social unrest in that country
Gross domestic growth avoided the steeper drop feared by economists, but the US-China trade war still walloped the business sector, according to commerce department data
China's financial elites now see the U.S. shifting the front of its trade war to financial markets - in part because its campaigns on the tariff and technology fronts haven't been going so well
Policymakers everywhere have been forced to consider more stimulus as fears grow over the broadening fallout of the US-China trade dispute on the global economy
Trade tensions between Washington and Beijing escalated sharply earlier this month after the Trump administration accused China of having "reneged" on its previous promises
