Saturday, 17 November, 2018

Trump says he’ll meet China’s Xi at G-20 meeting

US and China optimistic on trade, plan talks at G20 summit It’s good to talk, but US-China tensions are far from over
Kelvin Reese | 05 November, 2018, 04:34

The leaders of the world's two largest economies made the remarks after their first publicly disclosed telephone conversation in nearly six months. "As the president said, we would like to talk to them about it, but they may not be ready".

"I think we'll make a deal with China and I think it will be a very fair deal for everybody", he added.

Trump said earlier on Twitter that he and Xi had a "very good" conversation.

Trump has frequently accused China of cheapening its currency to gain a trade advantage, claims Beijing has consistently rejected.

Background: Trump and Xi are expected to meet at the G-20 summit on either November 30 or December 1.

"Xi said both he and Trump have good visions for a healthy, stable development of the China-US relations, as well as expanding economic and trade cooperation, and they should make efforts to realize the wishes", Xinhua said.

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A White House aide said Trump is expected to unveil or propose changes to the way migrants can request asylum. The first, largest group of nearly 4,000 entered nearly two weeks ago and is now in Donaji, Oaxaca.

President Trump said a deal with China would also be good for Beijing.

Trump told reporters in Washington that "I know they want to make a deal".

The Trump-Xi meeting would be the first since the two countries began hitting each other with import taxes earlier this year.

President Trump's comments came a day after a phone call with President Xi that he described as "very good". The United States has placed additional tariffs on more than $250 billion worth of imports from China and has threatened to more than double that amount if the G-20 talks fail.

The Trump Administration also has taken action to hit the Chinese semiconductor industry, indicting 2 companies accused of stealing trade secrets and banning U.S. software and equipment exports to 1 of them.

The United States has imposed tariffs on $250-B worth of Chinese goods so far, while China has retaliated with $110-B worth of tariffs on U.S. goods. That will be led by the agency's National Security Division head, John Demers, and will increase the use of Justice Department tools to counter China's activities, the official said.

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