Trump Tweets About Ongoing Talks with China on Trade Ahead of G20

President Donald Trump said Thursday that he spoke to Chinese President Xi Jinping amid concerns about escalating trade tensions between the world’s two largest economies.

In a tweet, the president said he had a “long and very good conversation” with the Chinese leader, “with a heavy emphasis on trade.” He added that “those discussions are moving along nicely” ahead of planned face-to-face meetings at the G-20 summit in Argentina later this month.

It is unclear how much progress Trump and Xi made toward breaking an impasse over how they will assuage Trump’s grievances with Beijing and move toward reducing tariffs. Talks between the two countries have recently stalled as the White House pushes for an end to alleged intellectual property theft by Chinese companies and a reduction in the U.S. trade deficit with China. Beijing has so far appeared unwilling to make major concessions.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza