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Trump says trade deal 'possible' with China's Xi, tariffs could be lower
![Trump-Xi trade meeting set for Saturday morning in Osaka]()
Trump says trade deal 'possible' with China's Xi, tariffs could be lower Trump-Xi trade meeting set for Saturday morning in Osaka
U.S. President Donald Trump said on Wednesday that a trade deal with Chinese President Xi Jinping was possible this weekend but he is prepared to impose U.S. tariffs on virtually all remaining Chinese imports if the two countries continue to disagree. Trump-Xi trade meeting set for Saturday morning in Osaka - White House
Trump, who departed for the G20 leaders summit in Osaka, Japan, on Wednesday, also raised the possibility that he may impose a lower, 10% duty on a $300 billion (£236.4 billion) list of Chinese imports, instead of the proposed 25% rate.
Trump is expected to meet with Xi on Saturday in Osaka, a conversation that could revive stalled negotiations between the world’s two biggest economies or launch a much deeper, costlier trade war that would drag down global growth and roil financial markets.
“It’s absolutely possible. ... We have to get a good deal,” Trump said in an interview with Fox Business Network. “It’s possible that we’ll make a deal, but I’m also very happy where we are now.”
Relations between Washington and Beijing have spiralled downward since talks collapsed in May, when the United States accused China of reneging on pledges to reform its economy.
U.S. President Donald Trump is set to hold much-anticipated trade talks with Chinese President Xi Jinping in Osaka at 11:30 a.m. (0230 GMT) on Saturday, a White House spokesman told reporters on Wednesday.
The bilateral meeting, aimed at heading off a ratcheting up of U.S. tariffs on imports of consumer and other goods from China, is likely to be the most closely watched event at the G20 summit, hosted by Japan.
