Particle.news

Download on the App Store

Trump and Xi Agree to Resume Trade Talks Following 90-Minute Phone Call

The discussion paves the way for resumed high-level negotiations with tariff cuts set to expire in early August.

Image
Image
Image

Overview

  • Trump initiated a roughly 90-minute call with Xi Jinping on June 5 that focused almost entirely on trade tensions between the United States and China.
  • Both leaders called the outcome positive and agreed to have their respective trade teams meet soon to negotiate a long-term agreement.
  • They addressed US complaints about slow-rolled rare earth mineral exports and China’s objections to new US export controls on advanced technology and threats to revoke Chinese student visas.
  • Xi invited President Trump and First Lady Melania to visit China, and Trump reciprocated by extending an invitation to Xi and his wife, Peng Liyuan.
  • The call marks their first direct conversation since January and comes after a fragile 90-day truce cut US tariffs to 30% and Chinese levies to 10% on each other’s goods.