ZCZC
BCN-29
US-CHINA-TRADE-NEGOTATIONS-ECONOMY
Trump to discuss trade war with Xi at G20 summit
WASHINGTON, Nov 14, 2018 (BSS/AFP) – US President Donald Trump and Chinese
President Xi Jinping will discuss trade on the sidelines of a Group of 20
summit in Argentina this month, a senior US official said Tuesday.
Top White House economic aide Larry Kudlow said the high-level efforts
continue to resolve the US-China trade war, and follow Trump’s recent
telephone call with Xi.
“Right now we’re having communications at all levels of US and Chinese
government,” Kudlow told CNBC.
“We now know that we will in fact discuss trade at the G20 meeting in
Argentina. We didn’t know that before but that’s a certainty.”
Trump is due to arrive in Buenos Aires on November 29 for the G20 summit,
which will give him the opportunity for face-to-face meetings to ease the
trade tensions.
Major US corporations say they are raising prices and face higher costs
due to the trade war, in which Washington has imposed steep import duties on
more than $250 billion in Chinese goods. China hit back with tariffs on $110
billion in US goods.
Duty rates on a $200 billion in imports are due to rise to 25 percent from
the current 10 percent, and Trump also is threatening to impose tariffs on
another $267 billion of additional Chinese goods.
BSS/AFP/HR/1040