Trump and Xi Discuss Trade Deals
President Donald Trump had a conversation with Chinese leader Xi Jinping on Thursday regarding trade agreements, mentioning that an update will be available “soon” during a forthcoming meeting in China.
In a post on True Social, Trump shared that he had a one-and-a-half-hour call with Xi where they talked about the “complexity” of their recent trade deals. He mentioned that Xi has invited him and the First Lady to visit China, with further details about the trip to be announced later.
“We have no more questions concerning the intricacies of rare earth products. Each team will meet at a location that will be decided soon. Our side will be represented by Secretary Scott Beckent, Secretary of Treasury, Secretary Howard Rutnick, U.S. Trade Representative, and Ambassador Jamie Songlian,” he noted.
The president emphasized that their conversation was primarily focused on trade issues, with no discussions about Russia/Ukraine or Iran. He assured that the media would be informed about their meeting plans and locations soon.
On May 12, the U.S. signed an agreement with China aimed at reducing tariffs, with both nations cutting tariffs by 115% while keeping an additional 10% in place. Both countries have suspended most tariffs for 90 days.
Later, on May 30, Trump expressed in a True Social post that China had breached its agreement with the U.S. “I worked swiftly with China to assist them in a potentially dire situation because I didn’t want to see that happen. Thanks to this deal, things stabilized quickly, and China resumed normal operations,” he clarified.
However, he warned, “The unfortunate news is that it’s likely not a surprise, but some are fully violating the agreement with us.”
In response, China countered that the Trump administration had violated the agreement, alleging that Harvard University was attempting to impose stricter export controls on semiconductor design software and chemicals to China, as well as banning international students from registering, as reported by CNBC.
