President Donald Trump said Thursday that he spoke to Chinese President Xi Jinping amid concerns about escalating trade tensions between the world’s two largest economies.
In a tweet, the president said he had a “long and very good conversation” with the Chinese leader, “with a heavy emphasis on trade.” He added that “those discussions are moving along nicely” ahead of planned face-to-face meetings at the G-20 summit in Argentina later this month.
Just had a long and very good conversation with President Xi Jinping of China. We talked about many subjects, with a heavy emphasis on Trade. Those discussions are moving along nicely with meetings being scheduled at the G-20 in Argentina. Also had good discussion on North Korea!
— Donald J. Trump (@realDonaldTrump) November 1, 2018
It is unclear how much progress Trump and Xi made toward breaking an impasse over how they will assuage Trump’s grievances with Beijing and move toward reducing tariffs. Talks between the two countries have recently stalled as the White House pushes for an end to alleged intellectual property theft by Chinese companies and a reduction in the U.S. trade deficit with China. Beijing has so far appeared unwilling to make major concessions.
via CNBC
