After weeks of harsh tones, US President Donald Trump for the first time in the trade dispute with China. He had a “very good” phone call with Chinese President Xi Jinping and will meet him at the G20 summit in Japan late next week, Trump tweeted on Tuesday.
The negotiating teams of both countries would meet before the meeting of two leaders.
The conflict between the two largest economic powers has been smoldering for some time and weighs heavily on the global economy and the financial markets.
Trump accuses the People’s Republic of, inter alia, dumping, technology theft and other unfair trading practices. China denies this.
Both countries have covered each other with high punitive tariffs. An agreement had been envisaged months ago, but at last there had been misunderstandings and mutual accusations.
Trump has repeatedly stated that a final agreement can only be reached by him and Xi.