World: Trump and Xi to Meet at G-20 After Stalled Trade Talks - PressFrom - US
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WorldTrump and Xi to Meet at G-20 After Stalled Trade Talks

19:30  18 june  2019
19:30  18 june  2019 Source:   nytimes.com

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President Donald Trump is meeting with Chinese President Xi Jinping as the countries look for ways to ease an escalating trade war. Trump suggested to

President Trump postponed his G - 20 press conference after the death of President George H.W. Bush, but he plans to meet with Chinese President Xi Jinping to

Video by CNBC

WASHINGTON — President Trump said on Tuesday that he had spoken with President Xi Jinping of China and that the two would have an “extended” meeting at the Group of 20 meeting next week in Osaka, Japan.

His comments were the first confirmation that the two leaders would actually meet after trade talks stalled in May and suggested the two countries are once again trying to find compromise.

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Trump and Xi are expected to talk trade at the G - 20 summit in Argentina as a mounting series of tariffs levied by Washington and Beijing contribute to concerns about The meeting offers an "opportunity to break through" after progress toward a trade agreement stalled in recent months, according to White

The Trump - Xi trade talks at the G - 20 meeting could set the course. The answer that emerges after President Donald Trump and Chinese counterpart Xi Jinping hold high-stakes talks on trade Saturday could be the difference between a stock market rally or rout, Wall Street pros predict.

“Had a very good telephone conversation with President Xi of China,” Mr. Trump said on Twitter. “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.”

Stocks jumped after the president’s message was posted on Twitter. The S&P 500 rose more than 1 percent shortly after the start of trading on Wall Street, led by technology and industrial shares, which have been weighed down by the trade war over the last year.

Progress toward a trade agreement between the world’s two largest economies came to a halt last month, after Mr. Trump accused China of breaking a deal with the United States and China accused the United States of failing to negotiate in good faith. Mr. Trump has raised tariffs on $200 billion worth of Chinese goods as punishment and threatened to tax an additional $300 billion worth of goods — nearly all imports from China — if the country did not agree to America’s trade terms.

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Trump said their dinner after the G 20 summit in Buenos Aires “was an amazing and productive meeting with unlimited possibilities for both the United States This is seen as a temporary respite in the trade spat between Washington and Beijing, which started in June after talks broke down.

U.S. President Donald Trump and Chinese President Xi Jinping will meet at the Group of 20 nations summit in Buenos Aires to discuss the trade dispute The summit in Buenos Aires will be the last international event of the year that both Trump and Xi attend. Formal negotiations have stalled since

A meeting between the presidents and their deputies are a signal that the two countries are once again seeking a path forward on a trade agreement that would open Chinese markets, strengthen its protections for intellectual property and result in purchases of American products.

Trump and Xi to Meet at G-20 After Stalled Trade Talks© Doug Mills/The New York Times President Trump with President Xi Jinping of China in 2017 in Beijing. “We will be having an extended meeting next week at the G-20 in Japan,” Mr. Trump wrote Tuesday on Twitter.

In an article posted late on Tuesday on the website of China Central Television, the official broadcaster, Mr. Xi said he stressed to Mr. Trump that “that the two countries should resolve economic and trade issues through dialogue on even ground, and the key is to accommodate each other’s reasonable concerns. We also hope that the U.S. will treat Chinese companies fairly.”

“I agree that the economic and trade teams of the two countries should maintain communication on how to resolve differences,” Mr. Xi said, according to the article.

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Donald Trump and Xi Jinping, met face-to-face Saturday in Argentina for a highly anticipated dinner that many hope will halt, at least temporarily, an Surrogates from the both the United States and China, in the days leading up to the dinner being held on the sidelines of the G 20 summit in Argentina

President Trump is meeting with Chinese President Xi Jinping over a high-stakes dinner that may curb the escalating trade war between the two nations. The announcement came after Trump and Chinese President Xi Jinping met for more than two hours over a steak dinner at the G - 20 summit in

Still, the two sides remain far apart on several issues, including how many of Mr. Trump’s tariffs on roughly $250 billion of Chinese products will come off and whether the trade agreement must be codified in Chinese law.

Both sides are under economic pressure to come to an agreement.

On Monday, dozens of executives from toymakers, clothing companies, port operators and telecom providers came to Washington to testify in the first of seven days of hearings about how the next round of tariffs on $300 billion worth of goods would affect them.

While many said they supported the administration’s attempts to reach a more level playing field with China on trade, most protested the tariffs, saying they would raise costs for consumers, disrupt supply chains and could force them to lay off employees or go out of business.

Hun Quach, vice president for international trade at the Retail Industry Leaders Association, which represents big retail stores like Walmart and Costco, said that she would testify this week against having retailers and consumers bear the brunt of the trade war.

“We support holding our trading partners accountable, but tariffs on clothing, shoes, consumer electronics, and toys aren’t the solution to China’s bad practices,” Ms. Quach said.

Matthew Phillips contributed reporting from New York.

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