President Donald Trump announces a rare earth trade deal with China and hints at a major upcoming bilateral agreement with India that could boost annual trade to $500 billion by 2030.
Communication lines reopen and Markets Rise as Trump-Xi Phone Call Sparks Fresh Hopes for US-China Trade Deal. Markets worldwide reacted with cautious optimism after U.S. President Donald Trump and Chinese President Xi Jinping held a long-awaited 90-minute phone call on Thursday. The Trump-Xi call, described by both sides as “very positive,” reopened communication channels to ease prolonged trade tensions between the world’s two largest economies.