Overview

• The June 5 call lasted roughly 90 minutes and centered almost entirely on trade issues, according to President Trump’s Truth Social post.
• Both sides agreed to convene their respective negotiating teams at a location and date to be determined in order to continue talks in person.
• The US delegation for upcoming discussions will feature Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer.
• The conversation produced a commitment to address China’s export restrictions on rare earth minerals that are vital to US industries.
• This outreach follows the May 12 agreement that cut US tariffs on Chinese goods from 145% to 30% and China’s tariffs on American exports from 125% to 10% for 90 days, with both sides accusing the other of breaching the deal.