Trump, Xi to meet over trade at G-20 summit this week

Share on facebook
Share on twitter
Share on linkedin
Share on email
President Trump set to meet with Chinese President Xi Jinping at this week's G-20 summit. Financial institutions hold their breath as the two world leaders plan a talk that could set financial markets' tone for months to come.

Beijing: Chinese President Xi Jinping will attend the G-20 summit in Japan this week during which he would meet his US counterpart Donald Trump for key talks to clinch a deal to end the bruising trade war and to forestall moves by Washington to clamp tariffs on the remaining USD 300 billion of exports from China.

Xi will attend the 14th Group of 20 (G-20) summit in Osaka, Japan from June 27 to 29, at the invitation of Japanese Prime Minister Shinzo Abe, Foreign Ministry spokesperson Lu Kang said in a brief announcement here on Sunday.

Hong Kong’s leader apologizes in person for protests and violence

Ahead of their planned meeting, Trump and Xi held a detailed telephone talk on June 18 preparing ground to resolve differences impeding the deal to end the year long trade war between the world’s two largest economies.

Trump, who kicked off the trade war last year, is demanding China to reduce the massive trade deficit which climbed to over USD 539 billion last year.

He is also insisting on China to workout verifiable measures for protection of intellectual property rights (IPR), technology transfer and more access to American goods to Chinese markets.

Leave a Comment

SHOWTIMES

The Dan Morris Show is on -air
Monday – Friday from 12pm – 3pm
on 93.1 News Talk on your FM dial

Copyright © 2019 Dan Morris Productions