President Trump and Chinese leader Xi Jinping spoke on Thursday, with tariff and trade talks set to resume next week. Trump said Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer would meet with Chinese counterparts in London on Monday.

News of the call came as new data showed U.S. goods imports dropped significantly in April as sweeping tariffs rolled out.

President Donald Trump spoke with Chinese President Xi Jinping on the phone on Thursday, according to Chinese state media.

Trump's tariffs slashed farm exports, raised input costs and left farmers reliant on unsustainable bailouts, experts warn.

The U.S. trade deficit narrowed significantly in April as President Donald Trump sharply escalated tariffs before pausing a large swath of the levies, U.S. Commerce Department data on Thursday showed.

The US trade deficit more than halved in April as President Donald Trump's global tariffs reversed an import surge that preceded the new duties.

President Donald Trump said Friday that he has little appetite for reconciling with Elon Musk any time soon, signaling he’s eager to move on to other topics following their extraordinary public blow-up.

The tech billionaire has suddenly fallen out with Donald Trump, and the two are jousting on social media.