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Dow, S&P 500, Nasdaq rise after phone call between Trump and Xi
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Dow, S&P 500, Nasdaq rise after phone call between Trump and Xi

  • June 5, 2025
  • Roubens Andy King
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President Trump posted on social media that he had a ‘very good phone call' with Chinese leader Xi Jinping over trade.

“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 wrote on Truth Social on Thursday morning.

“The call lasted approximately one and a half hours, and resulted in a very positive conclusion for both Countries,” he added.

Trump said each country's respective teams will be meeting shortly at a location to be determined.

The president also said there “should no longer be any questions respecting the complexity of Rare Earth products.”

The issue of rare earth minerals, crucial components for manufacturing, has come to the forefront in recent weeks as China has made moves to restrict their exports to the US, in retaliation against US trade policy.

This week, a group representing US auto suppliers called on Wednesday warned that the issue could quickly disrupt auto parts production

Read more here.

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