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Trump announces more U.S.-China trade talks after 90-minute call with Xi

  • On Thursday, June 5, 2025, U.S. President Donald Trump and Xi Jinping of China engaged in a 90-minute telephone discussion, marking their first direct exchange in several months amid ongoing trade disputes.
  • The call followed stalled trade negotiations after a May 12 agreement that reduced tariffs but faced accusations of violations from both sides, causing escalating tensions.
  • During the call, Trump described it as having a very positive conclusion, while China urged reversing U.S. negative trade measures and emphasized careful bilateral cooperation.
  • U.S. stocks dipped following the call despite Alibaba ADR climbing 1.13%, and analysts warned negotiators face major challenges due to deep mistrust and complex trade issues.
  • Trump announced that respective teams, including top U.S. trade officials, will meet soon to resume talks aimed at resolving tariff disputes and rare earth mineral supply concerns.
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YUAN TALKS broke the news in on Thursday, June 5, 2025.
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