U.S. President Donald Trump said on Friday that Chinese President Xi Jinping agreed to let rare earth minerals and magnets flow to the United States, a move that could lower tensions between the world's biggest economies.

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.

Donald Trump has said he will visit China after speaking to its leader Xi Jinping over the phone.The US president said he had reciprocated with an invite to the White House during the "very good talk" - though such a trip has not been confirmed by either side.