China hopes that it can work alongside the US to put into action the “important consensus” reached at the G20 summit in November, President Xi Jinping told his US counterpart this weekend, suggesting greater efforts to make progress in thawing trade tensions.
In a call to celebrate 40 years of diplomatic relations between the two countries, Xi told Trump that he “hopes that the two teams will meet each other half way, work hard, and strive to reach an agreement that is mutually beneficial and beneficial to the world as soon as possible,” according to China’s foreign ministry.
Trump also praised the direction of talks with Beijing, writing on Twitter that “the deal is moving along very well. If made, it will be very comprehensive, covering all subjects, areas and points of dispute. Big progress being made.”
The two sides agreed to a 90-day truce period during which no further tariffs will be levied on each other’s imports. The US has maintained that it intends to go through with plans to raise tariffs on $200 billion of Chinese goods to 25% once the window closes on March 1.