U.S. President Donald Trump will speak with Chinese President Xi Jinping as soon as this week, Trump's spokesperson said, setting up a major diplomatic exchange as the world's two largest economies seek a deal that could avert a broader trade war.

Trump told reporters that he's in "no rush" to speak with Chinese President Xi Jinping, despite escalating trade wars and previous claims to the contrary.

Former White House chief of staff Mick Mulvaney said President Trump’s prospective conversation with China’s leaders over recent tariffs will be “interesting to watch.” “This is going to be