U.S. President Donald Trump indicated late Thursday that his Chinese counterpart Xi Jinping has reached out about a trade deal, boosting hopes that the tensions between Washington and Beijing could cool.

Xi also denounces ‘unilateralism and protectionism’ — without, of course, hinting at what China’s been doing for years to protect its markets

President Trump said he is in contact with the “highest levels” of the Chinese government about a potential deal to reduce tariffs, appearing to confirm that he is talking to Chinese President Xi Jinping himself.