The long-awaited meeting between President Donald Trump and China’s President Xi Jinping this weekend brings hope of eased trade tensions between the two nations. The two leaders will meet on the sidelines of the G20 Summit in Argentina Saturday as agriculture, and other sectors hope the two reach a ”ceasefire” in the tit-for-tat tariff war. Bloomberg News reports such a truce could at the least delay an escalation of the trade conflict.
The Trump administration argues any progress would be the result of the pressure Trump as placed on China, being the $250 billion of tariffs, with the threat of more to come. China has retaliated by targeting U.S. agriculture. China is missing allies for the talks, according to Bloomberg, as Larry Kudlow of the Trump National Economic Council said this week “the rest of the world agrees with us,” regarding China’s trade practices.
Source: NAFB News Service