U.S., China revive trade talks ahead of Trump-Xi G20 meeting

June 18 , 2019

China and the U.S. are reviving trade talks ahead of a meeting next week between Presidents Donald Trump and Xi Jinping, says Reuters.

Trump said on Tuesday that teams from the two sides would begin preparations for the leaders to sit down at the G20 summit in Osaka, Japan. China has confirmed the meeting as well.

The two nations’ costly trade dispute has pressured financial markets and damaged the world economy. Yet their last efforts to reach a deal ended with U.S. officials accusing China of backing away from previously agreed commitments.

Since then, interaction between the two sides has been limited, and Trump has threatened, repeatedly, to slap more tariffs on Chinese products in an escalation that businesses in both countries want to avoid, notes the publication.

“We also hope that the United States treats Chinese companies fairly. I agree that the economic and trade teams of the two countries will maintain communication on how to resolve differences.”

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