Chinese President Xi Jinping and his counterpart, US President Donald Trump may meet once again, this time during the upcoming G20 Summit which will be held in Argentina, this coming November 30, a White House personnel said during an interview on Monday.
According to Reuters, a new China-US trade talks might be on the horizon as both world leaders could meet at the said economic summit in Buenos Aires within this month.
Larry Kudlow, Trump's economic adviser at the White House recently sat with Fox Business Network to tackle on the current situation concerning the on-going tit-for-tat tariff war between Beijing and Washington.
When asked about the possibility for a new China-US trade deal, the official tipped FBN that Trump is still weighing in on the matter given its apparent lack of progress as of late.
Kudlow however reiterated that although there's nothing yet certain on China, the US would still keep the table open for any substantial and significant talks.
Regardless, Kudlow tipped the business news agency that the two leaders might be brushing elbows at the next G20 summit this November.
The G20 or the Group of Twenty, is an international forum which brings together 20 of the world's leading industrialised and emerging economies with the aim to address current global crises. The organization's current chairperson is Argentina's Mauricio Macri.
Citing further details from Life Zette, the White House official said that despite international tension, Trump still admires the Chinese head of state. With this in mind, it won't be a big surprise then when the two meet at the forum later this year.
Meanwhile, Kudlow touched on the issue on corporate ownership with FBN saying that one of the main concerns of the Trump administration is for the US companies operating in China to assume 100% ownership rather than joint ventures.
New Tariffs Imposed
China and the US had recently been in a row of tariff exchanges with the latter imposing an initial 10 percent tax rate on USD$200 billion of Chinese imports last month.
The new Trump tariff affects Chinese products such as household items, sporting goods, industrial parts, and select tech devices, a previous report said.
The rate is expected to spike up by 25 percent before 2018 ends.
In retaliation, the Xi Jinping administration hit US import products like chemicals, auto parts, and food products, just to name a few, which has a worth of USD$60 billion.
Beijing said that it will only consider doing talks with Washington if the latter learns to show mutual respect rather than act like a trade bully.
