President Trump and Chinese leader Xi Jinping spoke on Thursday, and both countries pledged to restart tariff and trade talks in the coming days. Trump hailed the call as "positive," with both leaders inviting the other to visit their respective countries.

President Donald Trump and Chinese counterpart Xi Jinping have spoken amid stalled negotiations between their countries over tariffs that have roiled global trade.

President Trump spoke to China's Xi Jinping about trade, CBS News has confirmed. This comes as Mr. Trump accused China of violating an initial agreement and as the administration targets international student visas.

A court fight over President Donald Trump’s decision to end a US policy that exempted small-value packages from China from tariffs is moving ahead over the administration’s opposition.A federal judge on Thursday denied the US Justice Department’s request to pause litigation over what’s known as the “de minimis” tariff exception while a broader fight over Trump’s move to raise global tariffs on imported goods is pending.

China has accused President Donald Trump of causing severe disruption to global supply chains after he doubled the United States' steel and aluminum tariffs to 50 percent. Trump hiked the Section 232 tariffs in a proclamation that took effect on June 4,

Stocks were higher Friday as President Donald Trump said the next round of US-China trade talks is set to take place on Monday. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer will meet in London with representatives of China,