President Donald Trump posted on Truth Social that the United State and China have agreed to a trade deal.
“I just concluded a very good phone call with President Xi, of China, discussing some of the intricacies of our recently made, and agreed to, Trade Deal,” Trump posted.
“The call lasted approximately one and a half hours, and resulted in a very positive conclusion for both Countries.” The president added, “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. We will be represented by Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and United States Trade Representative, Ambassador Jamieson Greer,” he said.
The move comes after both the US and China lowered tariffs by 115% in mid-May. It also alleviates several concerns from small and large businesses.
Trump noted, “During the conversation, President Xi graciously invited the First Lady and me to visit China, and I reciprocated. As Presidents of two Great Nations, this is something that we both look forward to doing.”
On a global note, Trump said, “The conversation was focused almost entirely on TRADE. Nothing was discussed concerning Russia/Ukraine, or Iran.”
His last stream-of-conscious thought from the lengthy post was, “We will inform the Media as to scheduling and location of the soon-to-be meeting. Thank you for your attention to this matter!”
Read more of Trump’s Truths here.