US, China rekindle trade talks ahead of G20 summit; Donald Trump eyes 'extended meeting' with Chinese counterpart in Osaka
FirstpostChina and the United States are rekindling trade talks ahead of a meeting next week between Presidents Donald Trump and Xi Jinping. WASHINGTON - China and the United States are rekindling trade talks ahead of a meeting next week between Presidents Donald Trump and Xi Jinping, cheering financial markets on hopes that an escalating trade war between the two countries would abate. “Leader level engagement at last year’s G20 was critical to jumpstarting the talks,” he said, citing last year’s meeting between Xi and Trump at the G20 in Argentina. “It will be essential to managing the current political dynamic and getting the talks back on track once again.” White House economic adviser Larry Kudlow declined to give details on how the two countries would prepare for the Xi-Trump meeting and said the United States would continue to press for China to change its practices on intellectual property theft and requirements that U.S. companies share their technology to do business in China.