President Trump announced plans to meet with Chinese President Xi Jinping at the G-20 summit as the countries potentially head toward further escalation of their trade war
President Donald Trump on Tuesday announced firmed-up plans to meet with Chinese President Xi Jinping at the G-20 summit at the end of this month as the countries potentially head toward further escalation of their trade war.
stocks to surge. He added that teams from Washington and Beijing would “begin talks prior to our meeting.”Chinese state media also confirmed Tuesday that the two leaders would meet on the sidelines of the G-20. In May, a Chinese foreign ministry official said that the Trump administration's moves to sanction several Chinese firms including controversial tech giant Huawei were "not helping to create a conducive environment for negotiations."the South China Morning Post that the summit could end up like Trump and Xi’s last meeting, where negotiations took place over the course of a two-hour dinner rather than a chat on the sidelines of the event.
But the president has threatened to place tariffs on another $300 billion worth of Chinese goods, saying he would hold off on doing so until after the G-20.
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