President Donald Trump said Thursday that he spoke with China's President Xi Jinping and that they two global superpowers are planning additional trade meetings.
Trump said he spoke with his counterpart in China for more than 1.5 hours Thursday morning, almost entirely on trade between the two nations. Trump said the call "resulted in a very positive conclusion for both Countries."
"There should no longer be any questions respecting the complexity of Rare Earth products. Our respective teams will be meeting shortly at a location to be determined," Trump wrote in a social media post.
Both men offered reciprocal invitations to visit the other, Trump said.
The phone call comes almost a week after Trump accused China of failing to uphold the bargain the two countries reached in Geneva last month.
In May, the two countries reached a 90-day deal to reduce high tariffs. Both countries agreed to slash tariffs that had been so high that nearly all trade between the two nations stopped. The U.S. reduced its tariffs on China from 145% to 30% while the two nations continued to talk. China cut its levies on U.S. imports from 125% to 10%.
Trump has said he wants to use tariffs to restore manufacturing jobs lost to lower-wage countries in decades past, shift the tax burden away from U.S. families, and pay down the national debt.
