U.S. President Donald Trump stated on Tuesday that he is in "no hurry" to engage with Chinese President Xi Jinping over the ongoing trade disputes, despite speculation about a forthcoming discussion.

Trump's comments came a day after both the United States and China imposed new tariffs on each other, intensifying the strain between the two largest economies globally.

Speaking to reporters at the White House, Trump did not indicate any immediate intentions to converse with his Chinese counterpart.

This latest round of tariffs follows months of negotiations and retaliatory actions, as both countries wrestle with trade discrepancies and differing economic policies.

The trade conflict has resulted in significant economic consequences for global markets, impacting various sectors from technology to agriculture.

Beijing has previously expressed a readiness to negotiate, while Washington has upheld a steadfast position regarding what it views as unfair trade practices.

Currently, no official meeting between Trump and Xi has been scheduled, and both nations continue to pursue their respective trade strategies.