U.S. President Donald Trump and Chinese President Xi Jinping discussed trade and Taiwan in a phone call on Thursday. The two countries have been locked in a trade war, imposing tariffs on each other and raising tensions over rare earth minerals and Taiwan.
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00:00U.S. President Donald Trump and Chinese President Xi Jinping discuss trade in Taiwan
00:04in a phone call Trump is hailing as very positive.
00:09I think we're in very good shape with China and the trade deal.
00:13We have a deal with China, as you know, but we were straightening out some of the points,
00:18having to do mostly with rare earth magnets and some other things.
00:24Trump's more-than-hour-long phone call with Xi on Thursday focused mainly on trade.
00:30He said both leaders invited each other for state visits.
00:33A Chinese summary of the call said Xi warned the U.S. to handle Taiwan with caution and urged restraint on trade.
00:40The U.S. and China have been locked in a trade war, imposing tariffs on each other
00:43and raising tensions over rare earth minerals in Taiwan.
00:47On May 12, the countries agreed to sign a 90-day deal to reduce some tariffs.