President Trump and Chinese President Xi Jinping held a 90-minute call on Thursday and agreed to resume trade negotiations amid an escalating tariff war, according to CNBC. Trump described the call as “very good” and said it led to a “very positive conclusion for both Countries" in a post on Truth Social.

Washington’s 50% tariffs on steel and aluminum imports have now gone into effect, doubling from the previous 25% levy, even as the Trump administration waits for “best offers” from the U.S.’s trading partners.