President Trump and Chinese President Xi Jinping held a 90-minute call on Thursday and agreed to resume trade negotiations amid an escalating tariff war, according to CNBC. Trump described the call as “very good” and said it led to a “very positive conclusion for both Countries" in a post on Truth Social. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and U.S. Trade Representative Jamieson Greer will lead the U.S. delegation in the upcoming talks. U.S.-China trade tensions escalated after a May tariff truce in Geneva, as Trump accused Beijing of stalling rare earth exports and requested a call with Xi to address the issue. Stocks fluctuated Thursday morning after Chinese state media reported a call had taken place.
