Trump Discusses Trade and Rare Earth Minerals with China's Xi Jinping

Trump-Xi Phone Call Details

• 📞 President Trump confirmed a phone call with Chinese President Xi Jinping that lasted approximately an hour and a half.
• 💡 Trump stated that there should be no further questions about the complexity of rare earth minerals following the discussion.
• 🤝 Both leaders agreed that their respective teams will meet shortly at a location to be determined.
• 🇺🇸 Trump invited President Xi and his first lady to the White House, and Xi extended an invitation to Trump and the first lady to visit China.

Focus on Trade and Global Reset

• 📈 The primary topic of the call was trade, with no significant discussion regarding Russia, Ukraine, or Iran.
• 🌍 President Trump is aiming to reset global trade, as indicated by his commitment to working harder than any previous president.
• 🇻🇳 The conversation touched upon Vietnam potentially being close to a trade deal, though issues remain regarding their trade deficit with the U.S.

Trade Deficit and Regulatory Environment

• 📊 The U.S. trade deficit with Vietnam stands at about $124 billion, with Vietnam reportedly buying $90 billion from China and marking it up before sending it to the U.S.
• ⚖️ The administration is working to close loopholes and tighten regulations, such as the SEC's request for public comment on stricter rules for companies listed on stock exchanges.
• 🇨🇳 The Chinese embassy spokesperson expressed hope for a fair, transparent, and non-discriminatory business environment from the U.S., urging against politicizing economic and trade issues.

Rare Earth Minerals and U.S. Concerns

• ⛏️ A key U.S. complaint has been China's alleged starvation of global exports for rare earth minerals.
• 📈 The outcome of the call will be observed to see if rare earth mineral exports from China begin to ramp up.