The fragile trade truce between the United States and China has, for now, been pulled back from the brink. US President Donald Trump finally got his long-anticipated phone call with Chinese leader Xi Jinping, during which the two agreed to resume trade talks that had stalled over accusations from each side that the other had reneged on previous promises. Thursday’s 90-minute conversation brought a temporary reprieve from an escalating feud between the superpower rivals, but it offered no clear path toward resolving their deep-rooted divisions – especially over crucial supply chains that both sides consider vital to national security. US officials accused China of backpedaling on its pledge made during May talks in Geneva to ease export restrictions on rare earth minerals critical to a wide range of industries. Beijing, meanwhile, has bristled at Washington’s moves to warn companies against using China’s most advanced AI chips, restrict chip design software…
