US, China to reignite trade talks ahead of Trump-Xi meeting at G20 summit

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US, China to reignite trade talks ahead of Trump-Xi meeting at G20 summit

On Tuesday, the 18th of June 2019, rekindling the hope of a trade talk, US President Donald Trump said that he had a “very good conversation” with the Chinese President Xi Jinping and the two leaders would be participating at an extended meeting next week over the sidelines of a G20 summit in the Japanese city of Osaka.

Besides, Trump had also added that the teams of negotiators from two sides had begun preparations for the G20 summit and Beijing, who previously declined a trade talk between Xi and Trump, had confirmed the get-together.

Aside from that, while Trump had rekindled hope for a trade talk that could abate risks of further prolongation of a ten-month-long trade spat between the two largest economies of the world, financial markets had been cheerful and adding gains across the world.

None the less, referring to a telephone conversation with Chinese President Xi Jinping, Trump said at a Twitter post on Tuesday (June 18th), “Had a very good telephone conversation with President Xi of China. We will be having an extended meeting next week at the G-20 in Japan.

Our respective teams will begin talks prior to our meeting”. Apart from that, labelling China’s trade practices a chronic trading abuse, at a Tuesday (June 18th) night speech to formally begin his 2020 re-election campaign, Trump added, “It should have been done a long time ago, but the days of stealing American jobs and American companies, American ideas and wealth - those days are over”.