Trump Says U.S.-China Trade Talks Will Resume After 'Very Good' Call with Xi

What Happened?

President Donald Trump announced that he and Chinese President Xi Jinping will meet soon amid ongoing trade tensions surrounding policy negotiations.

The two leaders held a phone call on Thursday to discuss the arrangements for a new in-person meeting.

Chinese officials reportedly stated the morning call happened at the Trump administration's request.

In a post on Truth Social, Trump said the one-and-a-half-hour call 'resulted in a very positive conclusion for both countries.'

After the 'very good' phone call, Trump said that discussions surrounded some of the intricacies of their recently made trade deal.

'Our respective teams will be meeting shortly at a location to be determined,' Trump said. 'As presidents of two great nations, this is something that we both look forward to doing.'

Trump added the to-be-determined meeting will be represented by Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and U.S. Trade Representative Ambassador Jamieson Greer.

Why it Matters

Thursday's announcement reportedly marked the first known call between the two leaders following Trump's January inauguration.

Trump had expressed his frustrations on Truth Social Wednesday with how conversations with China had been going.

'I like President XI of China, always have, and always will, but he is VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH!!!’, Trump said.

China and the U.S. had previously agreed to roll back on each other's trade levies for an initial 90-day period.

But more recently China reportedly accused the U.S. of undermining the temporary trade agreement.

AI chip export control guidelines, stopping the sale of chip design software to China, and plans to revoke Chinese student visas are a few examples Chinese leaders stated, according to reports.

The U.S. reportedly accused China of failing to restart shipments of critical minerals vital to car and computer industries.

But Chinese officials defined those claims of halting rare earth magnet exports.

'There should no longer be any questions respecting the complexity of Rare Earth products,' Trump said following the call.

How it Affects You

Both sides have acknowledged the overall importance of a mutually beneficial economic and trade relationship.

The Trump administration is hopeful that its success with the U.K. will carry over with China.

Currently, the tariff level on Chinese imports brought into the U.S. is at least 30%.

Newly released data revealed the deficit with China declined to $19.7 billion.

It's the lowest level since March 2020, as the previous deficit was $295.4 billion in 2024.

It lays the groundwork for both countries to create supportive conditions and help repair their damaged relationship going forward.

If unsuccessful, tariff tensions could continue impacting the global market and risk further economic uncertainty.

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