As a reminder, he will be busy visiting Vietnam, Malaysia, and Cambodia from 14 to 18 April. That is indirectly saying that the ball is over to Trump's side of the court as Xi will keep doing his own thing in the meantime. And so, the game of chicken continues with both sides still engaged in a bit of dance right now.

Trump's latest move is to separate out electronics and semiconductors to a different tariffs bucket. Meanwhile, China is seen pushing for restricting rare earth mineral exports here.

Source: Forex Live