US President Donald Trump and his Chinese counterpart Xi Jinping will hold a bilateral meeting when the two leaders attend the G20 summit in Japan this month, raising hopes the US and China will resurrect efforts to end the trade war, said the Financial Times.
“Had a very good telephone conversation with President Xi of China. We will be having an extended meeting next week at the G-20 in Japan,” Trump wrote on Twitter on Tuesday. “Our respective teams will begin talks prior to our meeting.”
Trump had previously suggested that the two leaders meet at the G20 in Osaka and a Chinese official confirmed to the Financial Times that Xi has agreed to have a bilateral meeting..
US and Chinese officials have been holding trade negotiations over the past year. Both sides appeared to be heading towards a deal last month, but the talks collapsed. The US accused China of backsliding on parts of the deal that had already been agreed, while Beijing accused Washington of trying to change the deal. Following the failure of the talks, Trump threatened to impose tariffs on the roughly $300 billion in Chinese goods that were not already subject to such levies.