By Agence France-Presse
US President Donald Trump and Chinese President Xi Jinping will discuss trade on the sidelines of a Group of 20 summit in Argentina this month, a senior US official said Tuesday.
Top White House economic aide Larry Kudlow said the high-level efforts continue to resolve the US-China trade war and follow Trump’s recent telephone call with Xi.
“Right now we’re having communications at all levels of US and Chinese government,” Kudlow told CNBC.
“We now know that we will, in fact, discuss trade at the G20 meeting in Argentina. We didn’t know that before but that’s a certainty.”
Trump is due to arrive in Buenos Aires on November 29 for the G20 summit, which will give him the opportunity for face-to-face meetings to ease the trade tensions.
Major US corporations say they are raising prices and face higher costs due to the trade war, in which Washington has imposed steep import duties on more than $250 billion in Chinese goods. China hit back with tariffs on $110 billion in US goods.
Duty rates on a $200 billion in imports are due to rise to 25 percent from the current 10 percent, and Trump also is threatening to impose tariffs on another $267 billion of additional Chinese goods.