U.S. President Donald Trump and Chinese President Xi Jinping agreed on Saturday to proceed with trade negotiations after a series of escalations to their nations' trade war threatened to disrupt the global economy.
agreed on Saturday to proceed with negotiations after a series of escalations to their nations' trade war threatened to disrupt the global economy.
For one, Chinese state-run press agency Xinhua described the meeting as the presidents agreeing "to restart trade consultations between their countries on the basis of equality and mutual respect."many experts predicted ahead of the event "I actually think that we were very close and then something happened where it slipped a little bit and now we're getting a little bit closer," Trump said on the sidelines of the Group of 20 meeting in Osaka, western Japan.
Xi, meanwhile, said at the beginning of the meeting that he was ready to exchange views on fundamental issues. The commentary ahead of the meeting from Chinese state media suggested the two countries would not have an easy time reaching an agreement. China's Communist Party-run Global Times said earlier on Saturday the world had to "contain capricious U.S. actions," pointing to examples like Trump withdrawing from the Paris climate accord.
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