U.S. President Donald Trump indicated late Thursday that his Chinese counterpart Xi Jinping has reached out about a trade deal, boosting hopes that the tensions between Washington and Beijing could cool.

President Trump said he is optimistic that the U.S. can reach a deal on tariffs with China. He also appeared to signal he might lower the current 145% tariffs. Photo: Chris Kleponis/Pool via CNP/Zuma

Smartphones, shoes, toys, and cookware are just a few of the Chinese-made goods that could soon cost more as the Trump administration ramps up its trade war with China. A new Washington Post analysis highlights the impact of rising tariffs on consumer products widely used across the United States.