Trump disclosed details of his conversation with Xi Jinping
Revised Base Article:
Trump and Xi's Chat: A Positive Leap Forward for both Nations
American leader Donald Trump shared via Truth Social on June 5th about his phone call with Chinese President Xi Jinping, highlighting a fruitful conversation on the trade agreement's nuances.
Trump mentioned that the call lasted approximately an hour and a half, ending on a high note for both countries. He added that the teams from Treasury, Commerce, and U.S. Trade Representation will meet soon to discuss rare earth elements' complexities, with the location to be decided later.
President Xi extended an invitation to Trump and the First Lady to visit China, which was reciprocated. However, their conversation mainly revolved around trade, with topics like Russia, Ukraine, or Iran left aside. They planned to share details about the meeting time and location once set.
Between May 6th and 15th, the United States and China agreed on a 90-day tariff suspension and resumed trade talks. The agreement involved temporarily removing 24% of additional tariffs on Chinese goods, leaving the rate at 10%. China, in return, suspended 24% of its tariffs on U.S. goods. They also agreed to cancel any non-tariff restrictions imposed since April 2025.
Both nations are planning to establish a permanent mechanism for discussing economic and trade matters, conducting negotiations in China, the U.S., or a third country as necessary. Such steps are aimed at stabilizing economic relations between the two powerhouses and fostering a constructive dialogue.
Further Reading:- U.S. - China Trade: A Twist and Turn- Demystifying the Rare Earth Element Conundrum
Insight: Following their conversation, experts suggest that both presidents are hoping to strengthen economic ties by resolving existing trade issues. The meeting locations will be determined based on a mutual agreement.
Speculative Addition: Of course, the cat-and-mouse game of trade wars has kept global economists on their toes, but what's next for these two economic giants? Only time will tell!
The conversation between Donald Trump and Xi Jinping focused on policy-and-legislation related to trade agreements, indicating a shift in the realm of politics. The ongoing negotiations and agreements between the two nations, including the discussion on rare earth elements, are significant general-news items that could influence global economics.
