U.S., China rekindle trade talks ahead of Trump-Xi G20 meeting

China and the United States are rekindling trade talks ahead of a meeting next week between Presidents Donald Trump and Xi Jinping, cheering financial markets with hope that an escalating trade war between the two countries would abate.

Trump said on Tuesday that teams from the two sides would begin preparations for the leaders to sit down at the G20 summit in Osaka. China, which previously declined to say whether the two leaders would meet, confirmed the get-together.

“Had a very good telephone conversation with President Xi of China. We will be having an extended meeting next week at the G-20 in Japan. Our respective teams will begin talks prior to our meeting,” Trump said in a post on Twitter.

The world’s two largest economies are in the middle of a costly trade dispute that has pressured financial markets and damaged the world economy. Read More @ https://www.reuters.com/article/us-usa-trade-china/u-s-china-rekindle-trade-talks-ahead-of-trump-xi-g20-meeting-idUSKCN1TJ1R7?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

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