Stalled Negotiations
US, China to meet shortly for trade talks, says Trump after call with Xi
This story was originally published at 21:41 IST on 5 June 2025
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NEW DELHI – US President Donald Trump on Thursday spoke to China's President Xi Jinping for nearly 90 minutes amidst stalled trade negotiations between the two countries and announced that teams from the both sides will meet shortly in hope of breaking the stalemate over tariffs and supplies of rare earth minerals. Trump said he discussed "some of the intricacies of recently made, and agreed to, trade deal" with the Chinese president. He also said that the call ended on a very positive conclusion for both the countries.
"There should no longer be any questions respecting the complexity of Rare Earth products. Our respective teams will be meeting shortly at a location to be determined," Trump said on Truth Social. He said Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and US Trade Representative, Ambassador Jamieson Greer will represent the country in the meeting.
China has suspended exports of seven rare earth metals as well as magnets since Apr. 4, which has increasingly caused severe shortages that threaten to close many factories in the US and Europe, according to media reports.
The US president also said that the Chinese president invited him and the first lady to visit China and he "reciprocated." Trump also said that the conversation was focussed almost entirely on trade and nothing was discussed regarding Russia-Ukraine war or Iran.
The trade talks between the US and China stalled shortly after both sides arrived at an agreement to reduce their tariff rates while negotiations continued on May 12. The Trump administration reduced tariffs on Chinese goods from 145% to 30% for 90 days to allow for negotiations. China too reduced its taxes on US goods from 125% to 10%, reports said.
The tariff war between the largest world economies caused sharp swings in global markets and threatened to hamper trade between the two countries. While the US accused China of not exporting critical minerals, the Chinese government objected to the US restricting its sale of advanced chips. End
Reported by Kuldeep Singh
Edited by Ashish Shirke
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