Trump said Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer will lead a delegation in a few days. The move is seen a signal of easing bilateral trade tensions. It will be Mnuchin's first trip to China as US Treasury secretary.
Trump has told advisers he believes the fight for the wall, even if he never gets money for it, is a political win for him.
Trump has been reshuffling the Department of Homeland Security, which oversees immigration and border security, in the push for a tougher direction in immigration enforcement.
Trump said he is very much looking forward to his China trip and to meeting again with President Xi.
Trump has been targeting the EU since reaching a partial truce in his trade war with China.
Trump said on Thursday that the US is negotiating with China. "We're in the midst of a big negotiation. I don't know if anything will come of it. They have been very helpful," Trump said.
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Trichet, a former governor of the European Central Bank, emphasized there is tremendous room to boost the volume of FDI between Europe and China, in both directions.
Trump is expected to formally become the Republican nominee at the Republican National Convention in Charlotte, North Carolina in August.
Trump's program would provide a needed booster shot to the economy ravaged by the spread of the coronavirus, and while it may prevent the economy from slipping into a recession, it provides no immediate relief. When the economy recovers, the US will be stuck with the bill and interest payments could suck more money out of the private economy.
Trump's visit comes as protests against a controversial new citizenship law in India linger on. The law, which was passed in December, was criticized as contrary to secular principles enshrined in India's constitution as it excludes Muslims.