Trump-Xi Talks: Chinese President Reportedly Calls For Avoiding Restrictive Trade Measures

Chinese President Xi Jinping has reportedly asked U.S. President Donald Trump to refrain from taking restrictive trade measures as the leaders of the world’s top two economies work to diffuse tensions.

According to a Bloomberg report citing China’s state-run Xinhua News Agency, the talks were termed “positive and pragmatic” even as President Xi Jinping sought a fair environment for Chinese companies to do business in the U.S.

President Trump sounded more positive about the call. In a post on Truth Social, he announced that he would meet with President Xi at the APEC Summit in South Korea.

“I just completed a very productive call with President Xi of China. We made progress on many very important issues including Trade, Fentanyl, the need to bring the War between Russia and Ukraine to an end, and the approval of the TikTok Deal,” President Trump said in a post on Truth Social.

He also revealed that he would visit China in early 2026 and that President Xi would visit the U.S. “at an appropriate time,” without providing any further details.

“The call was a very good one, we will be speaking again by phone, appreciate the TikTok approval, and both look forward to meeting at APEC!” President Trump added.

Meanwhile, U.S. equities gained in Friday morning’s trade. At the time of writing, the SPDR S&P 500 ETF (SPY), which tracks the S&P 500 index, was up 0.26%, while the Invesco QQQ Trust (QQQ) surged 0.46%. Retail sentiment around the S&P 500 ETF on Stocktwits was in the ‘bullish’ territory.

The iShares 7-10 Year Treasury Bond ETF (IEF) was down 0.15% at the time of writing.

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