“I just concluded a very good phone call with President Xi, of China, discussing some of the intricacies of our recently made, and agreed to, Trade Deal,” Trump wrote.
“The call lasted approximately one and a half hours, and resulted in a very positive conclusion for both Countries,” he noted.
A Chinese state-run news agency confirmed that the conversation was initiated by Trump.
Trump's social media post said the conversation focused “almost entirely on TRADE” and clarified that issues such as Russia/Ukraine or Iran were not discussed.
Both the countries had struck a 90-day agreement on May 12 to roll back certain tariffs imposed during the ongoing trade war. However, tension over critical minerals continued.
Teams from both countries would meet soon, at a yet-to-be-determined location, to work out further trade arrangements, Trump’s social media post announced. The US side will be represented by treasury secretary Scott Bessent, commerce secretary Howard Lutnick and US trade representative Jamieson Greer.
“President Xi graciously invited the First Lady and me to visit China, and I reciprocated,” Trump added.
ALCHEMPro News Desk (DS)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
