With the health of the world economy at stake, sources say there has been little preparation ahead of the Trump-Xi talks
WASHINGTON/BEIJING - With under three weeks to go before proposed talks between the Chinese and U.S. leaders, expectations for progress toward ending the trade war are low and sources say there has been little preparation for a meeting even as the health of the world economy is at stake.
“The atmosphere is poisonous,” one senior Beijing-based Western diplomat told Reuters, referring to China-U.S. ties. China is open to more trade talks but has nothing to announce about a possible meeting between the two leaders, Foreign Ministry spokesman Geng Shuang said on Monday. He said on Tuesday that China would “fight to the end” if Washington escalates trade fictions.
Xi may not even want to go into such a high profile meeting with an unpredictable outcome and facing the threat of more U.S. tariffs on Chinese goods. Trade negotiations broke down in May and the two sides raised tariffs on hundreds of billions of dollars of each other’s imports.
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