President Donald Trump announced on Thursday that the United States and China will resume trade talks following a “very positive conclusion” in his conversation with Chinese leader Xi Jinping.

The discussions aim to break an impasse over tariffs and global supplies of rare earth minerals.

The big picture: The call between the two leaders marked the first conversation since Trump began his second term more than four months ago. • “Our respective teams will be meeting shortly at a location to be determined,” Trump announced on Truth Social. • Representing the U.S. side in the upcoming negotiations will be Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and U.S. Trade Representative Jamieson Greer.

Go deeper: During the call, Xi “graciously” invited Trump and first

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