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

  • On June 5, 2025, after several months without direct communication, the leaders of the United States and China spoke by phone for 90 minutes to address ongoing trade disagreements.
  • The call occurred amid stalled trade talks following a May 12 Geneva agreement to reduce tariff rates and rising tensions over rare earth minerals and export controls.
  • Trump indicated he is open to traveling to China, and both he and Xi extended invitations for one another to visit their respective countries as their teams prepare for upcoming negotiations at an as-yet undecided location.
  • U.S. Stocks dipped after news of the call, while Alibaba ADR rose 1.13%, and trade analyst Wendy Cutler warned that ‘‘the challenges will be enormous’’ in resolving differences.
  • The call signals a tentative step toward reviving trade talks despite fundamental mistrust and complex disagreements that could continue to challenge negotiators.
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YUAN TALKS broke the news in on Thursday, June 5, 2025.
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