The United States President Donald Trump seems very close to at least begin trade talks with Chinese President Xi Jinping when the two leaders meet at the upcoming G20 summit in Argentina. On Thursday, Trump said he was open to a trade deal with China but was not sure he wanted one.
“I think we’re very close to doing something with China but I don’t know that I want to do it,” Trump told reporters as he prepared to depart for the G-20 summit. “Because what we have right now is billions and billions of dollars coming into the United States in the form of tariffs or taxes, so I really don’t know.”
Trump and Xi are expected to discuss trade amid increasing tensions between the two countries when they sit for a meeting on Saturday.
Trump further claimed that billions of dollars were coming into the US because of the tariffs he has placed on Chinese imports.
“I really don’t know but I will tell you that I think China wants to make a deal. I’m open to making a deal. But frankly, I like the deal we have right now,” the US President said, reported Bloomberg.
Chinese commerce ministry on Thursday said that it is hoping for positive results in resolving its trade dispute with the United States.
When asked if China was seeking to prevent the imposition of additional US tariffs on Chinese goods at the meeting, Gao Feng, the ministry’s spokesman, said economic teams from both nations are in contact with each other to implement a consensus reached by the two leaders during a phone call made earlier this month.
“I hope that the United States and China could move towards each other and work hard to achieve positive results in the meeting,” Gao said without giving much detail.