Quick Hit:

President Trump on Thursday announced he held a lengthy and productive call with Chinese President Xi Jinping, focused “almost entirely on TRADE.” Trump said both sides will soon send top officials to a follow-up meeting, location TBD.

Key Details:

• Trump described the call with Xi as “a very good phone call…discussing some of the intricacies of our recently made, and agreed to, Trade Deal,” adding the conversation “resulted in a very positive conclusion for both Countries.”

• He named key U.S. representatives for the upcoming trade discussions: Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and U.S. Trade Representative Jamieson Greer.

• Trump confirmed the discussion excluded any talk of Russia, Ukraine, or Iran, stating, “The conversation was focused almost entirely on TRADE.”

Diving Deeper:

On Thursday, President Donald Trump shared a detailed account of a “very good phone call” he had with Chinese President Xi Jinping, centered on recent trade developments between the United States and China. According to Trump, the call lasted roughly an hour and a half and marked a “very positive conclusion for both Countries,” especially in resolving questions around the trade of Rare Earth products.

“There should no longer be any questions respecting the complexity of Rare Earth products,” Trump wrote on Truth Social, signaling confidence in the agreement’s clarity and strength.

The president said respective delegations from both nations will meet “shortly at a location to be determined,” adding that the U.S. team will include top-level officials: Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and United States Trade Representative Ambassador Jamieson Greer.

Trump also revealed that President Xi extended an invitation for him and the First Lady to visit China—an offer he said he “reciprocated.” He called it an expected gesture “as Presidents of two Great Nations,” adding, “this is something that we both look forward to doing.”

Clarifying the focus of the dialogue, Trump emphasized that the exchange “was focused almost entirely on TRADE,” with “nothing discussed concerning Russia/Ukraine, or Iran.” He concluded by noting that the media would be informed soon on the timing and location of the next meeting.