Trump hopes that trade agreement with China will be finalized at G20
US President Donald Trump is convinced that the United States and China can come to a deal about their trade dispute. According to Trump, a lot of progress has already been made to help resolve the dispute between the two superpowers. He will certainly bring the subject to the table when he dines with the Chinese president Xi Jinping at the G20 meeting in Argentina later this month.
With these comments, Trump reacted to rumors that he would actually sign a trade agreement with China at the G20 summit. Press agency Bloomberg reported earlier that the president had already put high officials to work on the conditions for such a deal on paper. The latter message was also contradicted by Larry Kudlow, the economic adviser of the White House.
Trump had a “long and very good” telephone conversation with his Chinese counterpart on Thursday. The conversation was mainly about trade, but also about North Korea. China also said that the telephone conversation was ‘positive’. Xi said later to be willing to meet Trump. Beijing also emphasized that bilateral trade is in principle beneficial for both parties.
Thursday’s meeting was the first telephone conversation between the leaders in six months of which is openly reported. The maintenance came after months of increasing trade strains, with the US introducing import tariffs on Chinese goods and the Asian country repeatedly with equal measures. Trump complained for a long time about the trade deficit that the US has with China and, among other things, wants the People’s Republic to import more American goods. He also accused China of unfair commercial practices.