U.S. President Donald Trump said he had a good conversation with Chinese President Xi Jinping Thursday about bilateral trade and the upcoming G20 summit.
Just had a long and very good conversation with President Xi Jinping of China. We talked about many subjects, with a heavy emphasis on Trade. Those discussions are moving along nicely with meetings being scheduled at the G-20 in Argentina. Also had good discussion on North Korea!
— Donald J. Trump (@realDonaldTrump) November 1, 2018
The leaders are expected to have face-to-face talks in Argentina later this month, in hopes of resolving major trade issues. Since July, The United States has imposed tariffs on $250 billion worth of Chinese goods and China has responded with tariffs on $110 billion worth of U.S. goods.
China also cut import tariffs Thursday on nearly 1600 goods, in a move that’s expected to open up its economy and save consumers billions of dollars.
To discuss the status of the U.S.-China trade war:
- Chen Chenchen is the deputy director of the Department of Macroeconomics at Renmin University.
- Arthur Dong is a professor with the McDonough School of Business at Georgetown University.
- Merrill Matthews is a resident scholar at the Institute for Policy Innovation in Dallas.
- Afshin Molavi is a senior fellow with the Foreign Policy Institute at Johns Hopkins School of Advanced International Studies.
— Reuters U.S. News (@ReutersUS) November 1, 2018
China typically buys most of its soybeans in the 4th quarter from the US, but has sharply reduced its purchases of American beans amid an ongoing trade war. https://t.co/JTmDYvzwUO
— NBC News (@NBCNews) November 1, 2018
Can you win a trade war? It's a question both the US and China are forced to confront as they feel the negative impacts of the ongoing trade war. On 12/3, Yukon Huang analyzes the potential outcomes for both the economy and the US-China relationship. https://t.co/f7eQlh7CNi pic.twitter.com/yrQZHrWFTW
— World Affairs (@world_affairs) November 1, 2018