Trump and Xi hold 'very good' call on trade deal and rare earths

Rueters

President Donald Trump announced a "very good" phone call with Chinese President Xi Jinping, centred on the recently finalised trade deal and rare earth product agreements. Both leaders expressed optimism, and high-level delegations are set to meet soon.

President Donald Trump announced today that he had a "very good" phone call with Chinese President Xi Jinping, focused on the "intricacies of our recently made, and agreed to, Trade Deal." The call, which lasted approximately one and a half hours, concluded with a "very positive conclusion for both Countries," according to Trump's post on Truth Social.

A key outcome of the discussion, Trump noted, was a resolution regarding "Rare Earth products," stating, "There should no longer be any questions respecting the complexity of Rare Earth products."
 
Looking ahead, Trump revealed that "respective teams will be meeting shortly at a location to be determined." The United States will be represented by a high-profile delegation including Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and United States Trade Representative, Ambassador Jamieson Greer.

During the conversation, President Xi extended an invitation to Trump and the First Lady to visit China, which Trump reciprocated. "As Presidents of two Great Nations, this is something that we both look forward to doing," Trump stated.

Trump emphasised that the discussion was "focused almost entirely on TRADE," and that "Nothing was discussed concerning Russia/Ukraine, or Iran."

Further details regarding the scheduling and location of the upcoming team meeting will be shared with the media.

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