Categories: Market Overview

Trump says he and China’s Xi spoke, will have ‘extended meeting next week’ at G-20

President Donald Trump said Tuesday that he and Chinese President Xi Jinping “will be having an extended meeting next week at the G-20 in Japan.” In a tweet, Trump said that he and Xi “had a very good telephone conversation,” and that “our respective teams will begin talks prior to our meeting.”

Chinese state media reported shortly following the announcement that Xi had agreed to meet with Trump at the summit, scheduled for June 28-29 in Osaka. Xi said he hoped that the U.S. treats Chinese companies fairly, according to Chinese media — a possible reference to Huawei, the Chinese telecommunications giant that faces a ban because of what the U.S. calls national security issues.

China had kept mum about whether Xi would agree to a face-to-face meeting with the U.S. president at the summit while the two economic superpowers remain locked in a heated trade dispute. Trump has said he expected that meeting to occur at the high-profile summit, but had recently downplayed the impact that it could have on forging a trade deal with Beijing. Trump told Fox News’ “Fox & Friends” last week that “it doesn’t matter ” if Xi attends the G-20 or not.

Trump told CNBC last week that he would immediately impose the additional $300 billion in tariffs if Xi didn’t attend the G-20 summit. Current and former Trump administration officials and trade advisors have cautioned that a potential meeting with Xi is not likely to yield a trade agreement on its own, but could help clear the path to a deal.

Trump says he and China’s Xi spoke, will have ‘extended meeting next week’ at G-20, CNBC, Jun 18
The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

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