US President Donald Trump and Chinese President Xi Jinping held their first conversation since agreeing to a trade truce in October, covering key issues including bilateral trade, Taiwan, and Russia’s war in Ukraine, Bloomberg reported.

The call came as both sides seek to consolidate progress on last month’s agreement, under which Washington lowered fentanyl-related tariffs on Chinese goods and Beijing eased certain rare-earth export restrictions. Trump said discussions included purchases of soybeans and other agricultural products and measures to curb illegal fentanyl shipments. He confirmed plans to visit Beijing in April and invited Xi for a state visit next year, describing relations as “extremely strong.”

China’s Foreign Ministry said Xi stressed that Taiwan’s return is central to the post-World War II international order and urged both countries to maintain momentum from their October meeting in South Korea. Xi also expressed hope for progress toward a binding peace agreement in Ukraine.

The call occurs amid heightened regional tensions. Japan’s new prime minister, Sanae Takaichi, warned a Chinese attack on Taiwan could trigger a military response, prompting Beijing to issue a no-travel advisory, suspend some Japanese imports, and conduct naval drills in the East China Sea. Analysts note that rising friction in Asia could complicate US-China relations despite the trade truce.

Economic discussions continue over rare-earth exports, critical for high-tech manufacturing, while the US has rolled back select tariffs. Trump also indicated talks on boosting soybean purchases from American farmers. On emerging technology, the sale of advanced AI chips remains under review, with Commerce Secretary Howard Lutnick noting the decision rests with the president.