China Market Research Group’s Shaun Rein, and Waddell and Associates’ David Waddell, join 'Power Lunch' to discuss potential talks between the U.S. and China.

“These practices seriously violate the consensus,” the Commerce Ministry said in a statement, referring to a China-U.S. joint statement in which the United States and China agreed to slash their massive recent tariffs, restarting stalled trade between the world’s two biggest economies.

President Donald Trump and Chinese President Xi Jinping are likely to speak this week to try and salvage trade negotiations after each side has accused the other of violating previous agreements.

National Economic Council Director Kevin Hassett teased this morning a conversation on tariffs between President Trump and Chinese President Xi Jinping could happen as soon as this week. Politico’s China correspondent Phelim Kine joins Alex Witt to share his insight on this and a new term being used to describe Trump’s tariff policy that the president doesn’t appreciate.

Global aviation supply chains have been rattled by uncertainty following US President Donald Trump’s trade policies since his return to the White House in January. After tariffs between China and the US surged in April, some Chinese airlines refused to accept deliveries of Boeing planes, Ortberg confirmed last month.

After 35 years in operation, Neo-China in Durham closed its doors at the end of May. The family-owned Chinese restaurant struggled to keep up with rising operational costs, including the increased prices of imported Chinese goods that resulted from the high tariff earlier this spring.

The United States allowed its rare earth metals industry to move to China and could now face severe economic disruption as China limits crucial supplies.

Investment in regional projects is allowing China to expand its influence in the South Pacific at the U.S.'s expense, analysts say.