President Trump and Chinese President Xi Jinping spoke on Thursday, Chinese state media said, amid rising trade war tensions.

Why it matters: Washington and Beijing have accused each other of violating the 90-day trade truce reached three weeks ago, under which both dramatically lowered tariffs and promised further dialogue. • China's foreign minister claimed this week that the U.S. had "introduced a series of negative measures" since the deal, and that relations were at a "critical juncture." • A day earlier, a spokesperson for China's Commerce Ministry alleged the U.S. had "seriously undermined" the trade agreement by announcing new AI chip export control guidelines and the revocation of visas for Chinese students. China was prepared to "take resolute and forceful measures," the spo

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