"He invited me to China and I invited him here," Trump said of the call with Xi while meeting German Chancellor Friedrich Merz in the Oval Office.
"We both accepted, so I will be going there with the first lady at a certain point and he will be coming here hopefully with the first lady of China."
The Chinese readout of the conversation mentioned the its invitation but not the reciprocal one to the White House.
According to Chinese state news agency Xinhua, Xi reportedly told Trump that the US should "withdraw the negative measures it has taken against China".
The Chinese leader was also said to have told Trump that China always kept its promises and since a consensus had been reached, both sides should abide by it - a reference to a recent deal between the two nations struck in Geneva.
Both sides have accused the other of breaching the deal aimed at dramatically reducing trade tariffs - a deal Trump touted as a "total reset".
It came after Trump raised tariffs on imports from a number of countries, but reserved the highest rates for China. Beijing responded with its own higher rates on US imports, sparking tit-for-tat increases that peaked at 145%.
The tentative truce struck in May brought that US tariff on Chinese products down to 30%, while Beijing slashed levies on US imports to 10% and promised to lift barriers on critical mineral exports.
The agreement gave both sides a 90-day deadline to try to reach a trade deal.
But since then, talks have seemed to grind to a halt amid claims on both sides that the deal had been breached.
The US has accused China of failing to restart shipments of critical minerals and rare earth magnets vital to car and computer industries.
The Chinese Ministry of Commerce has denied the claims and accused the US of undermining the deal by introducing new restrictions on computer chips.
Trump introduced new export restrictions on semiconductor design software and announced it would revoke the visas of Chinese students.
The US president said following the call that "there should no longer be any questions respecting the complexity of Rare Earth products".
He told reporters in the White House: "Chinese students can come, no problem, no problem - its an honour to have them frankly. But we want to check them."