U.S. President Donald Trump on Friday said he hoped for productive talks with Chinese President Xi Jinping on a trade war that is casting a shadow on global growth, but said he had not made any promises about a reprieve from escalating tariffs.
Reuter’s reported that the trade feud and signs of a global slowdown has loomed over a two-day Group of 20 (G20) summit in the Japanese city of Osaka, where Trump and Xi met in passing, and prepared for one-on-one talks on Saturday.
To lay the groundwork for the talks, Chinese Vice Premier Liu He met Trump’s treasury secretary, Steven Mnuchin, and Trade Representative Robert Lighthizer at the hotel where the U.S. delegation was staying, a source familiar with the talks said.
China has said it hoped the United States would meet halfway on the issues.
The world’s two biggest economies are locked in a trade dispute and expectations have dimmed that Trump and Xi can ease tension when they meet on the sidelines of the meeting.
“At a minimum it will be productive. We’ll see what happens and what comes out of it,” Trump told reporters after a series of meetings with leaders where he made clear that his priority was two-way trade deals to boost the U.S. economy.
For the full story click here.