Trump says it would be 'monumental' if a deal is made with China as he meets with President Xi Jinping at the G20: More here:
OSAKA - The United States and China have agreed to restart trade talks and Washington will not level new tariffs on Chinese exports, China’s official Xinhua news agency said on Saturday, as U.S. President Donald Trump said the talks were “back on track”.
The dispute has already cost companies in both countries billions of dollars, disrupted global manufacturing and supply lines, and roiled markets. “We had a very good meeting with President Xi of China, excellent, I would say excellent, as good as it was going to be,” Trump said. “We discussed a lot of things and we’re right back on track and we’ll see what happens.”The trade dispute, which includes a feud over Huawei Technologies Co has fanned fears it could threaten global growth.
At the start of Saturday’s talks, Xi told Trump he was ready to exchange views on fundamental issues and stressed the need for dialogue rather than confrontation.The G20 leaders will agree on Saturday to accelerate reforms of the World Trade Organization, but stop short of calling for the need to resist protectionism in their closing communique, Japan’s Nikkei newspaper said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European shares set to snap four-day losing streak on U.S.-China trade optimismThe anticipation of a trade truce between the United States and China put Europe...
Read more »
China opposes U.S. abuse of export control, urges cooperationChina opposes U.S. abuse of export controls and urges the United States to retur...
Read more »
Abe's G-20 show eclipsed by Trump-China trade talks, tweetsOSAKA, Japan (AP) — A summit of the Group of 20 on Saturday was largely eclipsed by President Donald Trump's talks with his Chinese counterpart Xi Jinping and by Trump's announcement via Twitter...
Read more »
U.S., China restart trade talks as Trump and Xi meetChina said the United States had agreed to hold off on a new round of threatened tariffs on Chinese imports.
Read more »
Can Xi charm Trump out of escalating the US-China trade war?Hours from now, US President Donald Trump and Chinese President Xi Jinping will have a face-to-face meeting at the G20 summit in the hopes of ending the trade war
Read more »