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The U.S. and China are holding more trade talks after a phone call between President Donald Trump and Chinese President Xi Jinping focused on finding a breakthrough on discussions that have been at an impasse, risking danger to the global economy after getting into an intense trade war earlier this year. Trump said he spoke with Xi for around an hour and a half entirely focused on the trade relationship between the two countries that recently struck a low point with tariffs hitting each other at rates well above 100%. The extreme tariff rates threatened to upend a wide range of industries and had global implications with the world’s two biggest economies in a grueling showdown on import taxes. “We have a deal, and we're going to just make sure that everybody understands what the deal is. We had a really good conversation, by the way, he invited me to China, and I invited him here. We've both accepted,” Trump told reporters in the Oval Office during a meeting with German Chancellor Fr...

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