President Donald Trump says his first conversation with Chinese leader Xi Jinping since returning to the White House had a “very positive conclusion," announcing the two countries will hold trade talks in hopes of breaking an impasse over tariffs and global supplies of rare earth minerals.

Earlier this week, China hit back on Trump’s claims the Asian country was in breach of a new trade agreement, struck last month following talks held in Geneva, Switzerland, countering that the U.S. itself was undermining the deal with new sanctions.