The scheduled phone call between US President Donald Trump and China's President Xi Jinping regarding tariffs has been canceled, following China's decision to sue the US at the World Trade Organization (WTO). The US imposed 10% tariffs on China, prompting Beijing to retaliate with its own set of retaliatory measures, including tariffs on American exports and restrictions on critical mineral exports. China has filed a case against the US under the WTO dispute settlement mechanism, escalating tensions between the two economies. The cancellation of the call raises concerns for global financial markets, including the cryptocurrency market.



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