Published: Sat, November 03, 2018
Business | By Eloise Houston

Donald Trump, Xi Jinping eye G20 talks after ‘very good’ phone call

Donald Trump, Xi Jinping eye G20 talks after ‘very good’ phone call

US President Donald Trump and his Chinese counterpart Xi Jinping have expressed optimism about resolving a bitter trade dispute, following a phone conversation between the two leaders. Those discussions are moving along nicely with meetings being scheduled at the G-20 in Argentina, ' he tweeted.

Shi also said he thought China had only a limited role to play on the North Korea issue.

A telephone call between Presidents Xi Jinping and Donald Trump might have increased the possibility of a truce in the trade war, but the strategic dispute between Beijing and Washington is a long way from being resolved, according to a Chinese government adviser and other observers.

Hours later, however, the US Justice Department accused another Chinese firm of unfair practices, part of an across-the-board pressure campaign by the Trump administration targeting China. He said further meetings with Xi are being scheduled for the G-20 summit of the world's biggest economies, set for November 30 in Buenos Aires, the first ever such summit in South America. "We have a new deal", he said adding that the USA is now negotiating with the European Union, which "has absolutely hurt" the United States.

However, a senior Trump administration official on dismissed the report as untrue, a CNBC reporter said in a post on Twitter.

The telephone conversation on Thursday was Trump and Xi's first publicly disclosed call in six months. The Chinese president also said he would like to meet Trump at the G20.

Xi responded to the call by saying he hopes China and the US will be able to promote a steady and healthy relationship, Chinese state media reported Thursday.

Beijing has hit back with its own duties on U.S. imports.

"Both leaders attach great importance to China-US ties and economic ties", Lu said. "China would love to make a deal", Trump told Breitbart at the time.

The comments came days after Trump warned he would impose tariffs on all China's shipments to the United States before saying he thought he could "make a great deal with China" but it was not yet ready.

Both the U.S. and China have sought to portray the personal relations between the two leaders as a source of stability in the relationship, and they have refrained from direct criticism of each other. Suddenly, talks of 7.00 has nearly all but evaporated and the surge higher in the yuan here will continue to give added backing to gains seen in the aussie and the kiwi ahead of the USA jobs report later.

China's Premier Li Keqiang, right, speaks next to Tennessee Senator Lamar Alexander during a meeting with a group of U.S. Republican senators and Congress members at Zhongnanhai leadership compound in Beijing, Thursday, Nov. 1, 2018.

China has responded with retaliatory duties on $110-billion worth of US goods.

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