U.S.-China trade negotiations to reinitiate according to Trump's statement post phone conversation with Xi
Let's Get Down to Business: The Latest on Trump and Xi's Phone Call and the U.S.-China Trade Wars
By DIDI TANG, WILL WEISSERT, and Chris Megerian
WASHINGTON - President Donald Trump celebrated a phone call with Chinese leader Xi Jinping on Thursday, declaring that the two countries will resume trade talks. In a Twitter post after the hour-and-a-half call, Trump said both nations will work towards resolving tariff issues and global supply chains of rare earth minerals.
The U.S. delegation, led by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and U.S. Trade Representative Jamieson Greer, will participate in the negotiations.
Xi reportedly invited Trump and first lady Melania Trump to visit China, following their mutual invitations. The Chinese foreign ministry revealed that Xi expressed the need for both countries to steer clear of destabilizing forces in the relationship, comparing it to a ship navigating troubled waters.
Despite Trump's earlier doubts about reaching an agreement with Xi, the call "preempted a potential escalation in the trade war." According to Craig Singleton, senior director of China program at the Foundation for Defense of Democracies. However, he warned that simmering tensions could erupt again if either side takes competitive actions.
Trade negotiations between the world's two biggest economies have been at a standstill since a May 12 agreement, with the U.S. accusing China of not supplying critical minerals, while China unsettled about America's restrictions on the sale of advanced chips and student visas. Previously, Trump reduced his 145% tariffs on Chinese goods to 30% for 90 days, allowing negotiations to ensue, while China cut its taxes on U.S. goods from 125% to 10%.
China's economic troubles, including a real-estate crisis and coronavirus pandemic lockdowns, have slowed consumer spending. China experienced a trade imbalance of $295 billion with the U.S. in 2024, according to the Census Bureau.
Comparison to a Ship
Xi likened the U.S.-China relationship to a ship, imploring each side to "take the helm and set the right course" while "steering clear of the various disturbances and disruptions."
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uncertainty still looms over these talks, as both sides have deep-rooted differences and a strong competitive spirit. The record shows that negotiations may ultimately walk a tightrope, balancing cooperation with confrontation.
Trump and Xi last spoke in January, addressing trade and fentanyl importation issues. Despite had expressed optimism about a major deal, Trump's tone has recently become more pessimistic.
[3] Kiley, J. (2025, June 4). US to hold talks with China on global supply of rare earth minerals. Associated Press. Retrieved June 8, 2025, from https://apnews.com/article/d99d67f44d494ea98c9d296e618efc03
[5] Bensusan, C., and Vanacker, P. (2025, June 4). US and China to resume trade talks following phone call between Trump and Xi. Politico. Retrieved June 8, 2025, from https://www.politico.eu/article/us-china-trade-talks-trump-xi-phone-call-tariffs-rare-earths/
- The U.S. government will participate in trade talks with China, led by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and U.S. Trade Representative Jamieson Greer.
- President Trump celebrated a phone call with Chinese leader Xi Jinping, stating both countries will work on resolving tariff issues and global supply chains of rare earth minerals.
- The Chinese foreign ministry revealed that Xi expressed the need for both countries to avoid destabilizing forces in the relationship.
- Xi reportedly invited Trump and first lady Melania Trump to visit China, following their mutual invitations.
- The trade negotiations between the two countries have been at a standstill since a May 12 agreement.
- The U.S. has accused China of not supplying critical minerals, while China is unsettled about America’s restrictions on the sale of advanced chips and student visas.
- Trump reduced his 145% tariffs on Chinese goods to 30% for 90 days, allowing negotiations to ensue, while China cut its taxes on U.S. goods from 125% to 10%.
- China's economic troubles, including a real estate crisis and coronavirus pandemic lockdowns, have slowed consumer spending.
- China experienced a trade imbalance of $295 billion with the U.S. in 2024, according to the Census Bureau.
- The U.S.-China relationship has been compared to a ship, with Xi calling for both sides to take the helm and set the right course while steering clear of disruptions.
- Uncertainty still looms over these talks, as both sides have deep-rooted differences and a strong competitive spirit.
- The record shows that negotiations may ultimately walk a tightrope, balancing cooperation with confrontation.
- Trump and Xi last spoke in January, addressing trade and fentanyl importation issues.
- Despite earlier expressions of optimism about a major deal, Trump's tone has recently become more pessimistic.
- An Associated Press article dated June 4, 2025, reports the U.S. will hold talks with China on the global supply of rare earth minerals.
- A Politico article dated June 4, 2025, reports the U.S. and China will resume trade talks following a phone call between Trump and Xi.
- In the realm of politics, the government and business intertwine as policies and legislation impact economic ventures, including tariffs and trade deals.
- The impact of these trade wars extends to the economy, with potential consequences for businesses, real estate, and migration.
- Although trade wars may seem distant from war-and-conflicts, their effects can be far-reaching, creating instability and affecting general news.
- The sports sector has not been immune to these issues, with sports-betting and European leagues feeling the ripple effects of trade policies.
- Athletes and teams from various sports, such as football, champions league, NFL, soccer, WNBA, baseball, hockey, and golf, are keeping a close eye on these developments.
- Other sports, like tennis, sports-analysis, and weather-forecasting, may also be influenced by trade policies and global relations.
- Furthermore, the auto-racing, premier league, American football, NBA, Masters, Grand Prix, horse-racing, and mixed-martial-arts industries might also experience repercussions from these trade negotiations.
