He clarified later that he intends to take Xi up on his invitation and travel to China. The Chinese Embassy in Washington said the two leaders spoke at Mr. Trump's request.

Earlier this week, China said the U.S. is undermining the deal by imposing new export control guidelines on AI chips and planning to revoke Chinese student visas.

Overseas travel to the U.S. has dropped 2.5% through April this year as compared to a year ago, Bloomberg reported, with the largest drop of 10% happening in March after Trump announced tariffs on ...