Washington | The US and China are arranging the formal signing of the first phase of a broader trade deal between the world's two biggest economies, President Donald Trump said after discussions between him and his counterpart, Xi Jinping.

"Had a very good talk with President Xi of China concerning our giant Trade Deal. China has already started large scale purchases of agricultural product & more. Formal signing being arranged," Trump said in a tweet Friday, adding they also discussed North Korea and Hong Kong. The call took place this morning, the White House said.

Bloomberg