trade advisory

Trump, China, To Talk Trade at G20

Dan Industry News Release, Trade

President Donald Trump is tentatively scheduled to meet with Chinese President Xi Jinping during the Group of 20 nations, or G20 summit next month. The two are expected to discuss the ongoing trade dispute between the U.S. and China.

trumpWhite House economic adviser Larry Kudlow told Bloomberg News that U.S. goals are on the table and that the two leaders “will meet for a bit” during the event. He said he anticipated staff-level meetings between Chinese and American officials ahead of the November 30th summit. However, Kudlow warned not to expect any major breakthrough between the two leaders. He did say that a broad agreement “on some basic principles and trading rules” including intellectual-property theft, forced transfer of technology, and tariffs on agricultural products “would be most welcome.”

Formal talks have stalled since August as the U.S. accused China of unwilling to engage on trade issues.

Source: National Association of Farm Broadcasting News Service.