Trump wants to meet with Xi at G20 amid trade war, but little progress expected GlobeBusiness
Relations have deteriorated since May when negotiations to end the U.S.-Chinese trade disputes broke down, all but killing off the possibility of an agreement in Japan.
White House economic adviser Larry Kudlow told CNBC on Tuesday that Trump is hoping to “pick up where we left off” in the talks with Xi. A senior Chinese official told U.S. business representatives last week that preparations had yet to begin for either a Trump-Xi meeting or to resume trade negotiations, a source with direct knowledge of the briefing said.
“For China it’s all about protocol for Xi and making sure he is respected,” said an Asian diplomat. “China will not want Xi go into a meeting where he may be embarrassed.”Eswar Prasad, a trade professor at Cornell University and a former head of the China department at the International Monetary Fund, said expectations from any talks were low.
Trade negotiations broke down in May and the two sides raised tariffs on hundreds of billions of dollars of each other’s imports. But, unlike the current uncertainty over plans for the meeting in Japan, the White House confirmed the Argentina talks were taking place as early as six weeks in advance.The U.S.-China tension has gone beyond tariffs. The United States has sanctioned Huawei, sent its navy into the disputed South China Sea and Taiwan Strait, and made other public shows of support for self-ruled Taiwan.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump ready to slap new tariffs on China after G20 meetingChina’s foreign ministry said on Monday that China is open to more trade talks with Washington but has nothing to announce about a possible meeting
Read more »
Trump leaves China tariff deadline open, calls relationship ‘testy’Trump has said previously that he would decide after the G20 meeting in Japan at the end of June whether to carry out his threat
Read more »
Trudeau plans to meet with Trump in Washington this month: sourcePrime Minister Justin Trudeau is planning to visit Washington, D.C. to meet U.S. President Donald Trump later this month in advance of the G20 summit in Japan, a government source tells CTV News.
Read more »