Trump says renewed trade talks with China have 'already begun'
Business & Trade

Trump says renewed trade talks with China have ‘already begun’

U.S. President Donald Trump made an announcement on Monday regarding trade talks with China, which were left on halt since a rift between the two nations in May. Trump claims that the talks have “already begun” after he held a meeting with the Chinese President, Xi Jinping at the G-20 summit held over the last weekend at Japan. About the trade talks, President Trump said, “They’re speaking very much on the phone but they’re also meeting. Yeah, it’s essentially already begun. It actually began before our meeting (at the G-20 Summit).”

US president Donald Trump held a meeting with China’s president Xi Jinping along the lines of the G-20 Summit held recently in Japan on Saturday. Trump announced that even though the current tariffs will still be in force, there will be a pause on any new tariffs for a while.

The resumed trade talks were being had through phone, Trump informed reporters who arrived at the Oval Office. He also added that any deal which is being discussed between the two huge economies would have to lean a bit towards the interests of the United States. Trump holds the belief that the ample trade surplus which China has over the United States for years should be a reason for which any potential deal made in relation to the mutual trade and tariffs with Beijing “has to be a deal that is somewhat tilted to our advantage.

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Charles Barker
Charles Barker is the team’s trusted source for all news relating to equity markets and is treated as a business expert. They cover stories which matter in the international trading and business arena, including large transactions, or moves by nations in any direction, affecting the business markets.