Trump Confirms He Will Meet with Xi at G20

President Donald Trump on Tuesday said that he and Chinese President Xi Jinping “will be having an extended meeting next week at the G-20 in Japan.”

In a tweet, Trump said that he and Xi “had a very good telephone conversation,” and that “our respective teams will begin talks prior to our meeting.”

China had kept mum about whether Xi would agree to a face-to-face meeting with the U.S. president at the summit, scheduled for June 28-29 in Osaka, while the two economic superpowers remain locked in a heated trade dispute.

Trump has said he expected that meeting to occur at the high-profile summit, but had recently downplayed the impact that it could have on forging a trade deal with Beijing. Trump told Fox News’ “Fox & Friends” last week that “it doesn’t matter ” if Xi attends the G-20 or not.

“If he shows up, good, if he doesn’t — in the meantime, we’re taking in billions of dollars a month [in tariffs] from China,” Trump told Fox.

The Chinese embassy in Washington did not immediately respond to CNBC’s request for comment on Trump’s tweet.

via CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

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