US-China Trade Talks Resume | Trump-Xi Call
- President donald Trump announced Thursday that trade talks with china will resume after a "very positive conclusion" to a conversation with Chinese President Xi Jinping.
- Trump stated on social media that teams from both countries will meet soon at a location to be determined.
- According to the Chinese Foreign Ministry, Trump initiated the call.Xinhua, China's state media, reported that Xi urged Trump to reverse negative measures against China.
Following a positive call, the U.S. and China will restart trade talks to address critical disputes. President Trump and President Xi Jinping agreed to resume negotiations,focusing on resolving tariff disagreements and securing global supplies of rare earth minerals,key to tech manufacturing. This marks their first conversation in over four months, signaling a potential thaw in strained relations that have impacted markets worldwide. Treasury Secretary Scott Bessent will lead the U.S. team, as both sides aim to stabilize trade flows and mitigate trade imbalances.the discussions highlight the complexities of the relationship, with china seeking to advance in tech while the U.S. aims to reduce reliance on Chinese factories. For more on these fast-moving developments, visit News Directory 3. Discover what’s next as these talks unfold.
Trump, Xi to restart Trade Talks Amid Tensions Over Rare Earth Minerals
Updated June 05, 2025
President donald Trump announced Thursday that trade talks with china will resume after a “very positive conclusion” to a conversation with Chinese President Xi Jinping. The discussions aim to break the impasse on tariffs and global supplies of rare earth minerals, marking their first call in over four months.
Trump stated on social media that teams from both countries will meet soon at a location to be determined. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and U.S. Trade Representative Jamieson Greer will represent the U.S. in these negotiations.
According to the Chinese Foreign Ministry, Trump initiated the call.Xinhua, China’s state media, reported that Xi urged Trump to reverse negative measures against China. trump, in turn, indicated that Chinese students are welcome in the U.S., despite earlier administration vows to revoke some visas.
Xi likened the U.S.-China relationship to a large ship, emphasizing the need for careful navigation to avoid “interference and even sabotage,” Xinhua reported.
U.S. President Donald Trump and China’s President Xi Jinping. (File Photo: Reuters)
The trade negotiations between the U.S. and China faltered after a May 12 agreement to reduce tariff rates. The U.S. has accused China of limiting exports of critical minerals, while China objects to U.S. restrictions on advanced chips and student visas.
Trump has lowered tariffs on Chinese goods from 145% to 30% for 90 days to facilitate talks,and China has reduced taxes on U.S. goods from 125% to 10%. these fluctuations have caused volatility in global markets and threaten trade between the two nations.
Treasury Secretary Scott Bessent previously suggested that direct communication between Trump and Xi was necessary to restart negotiations. However, underlying tensions between the two countries persist. Trump aims to reduce U.S. reliance on Chinese factories, while China seeks to advance in technologies like electric vehicles and artificial intelligence.
In 2024, the U.S. had a $295 billion trade imbalance with China, according to the census bureau.China’s manufacturing focus has propelled it to economic power, but it faces a slowing economy due to real estate issues and pandemic-related consumer spending declines.
Trump and Xi last spoke in January, discussing trade and fentanyl prevention. Trump had previously expressed optimism about a major deal but later accused China of violating its agreements.
“correcting the course of the big ship of Sino-US relations requires us to steer well and set the direction, especially to eliminate all kinds of interference and even destruction, which is especially important,”
Xi Jinping, Chinese President, via xinhua
Xi also cautioned Trump to handle the Taiwan issue carefully to avoid conflict, according to Xinhua.
What’s next
The upcoming trade talks will be crucial in determining whether the U.S. and China can resolve their long-standing disputes and establish a more stable economic relationship. The focus on tariffs, rare earth minerals, and technology will likely shape the future of global trade and economic power.