US President Donald Trump shares the feeling of optimism with China's President Xi Jinping on Thursday with regards to the resolution of the trade dispute fought between Beijing and Washington. The two world leaders are reportedly slated to meet at the end of November in Argentina during the upcoming G20 summit in Buenos Aires.
Cited by Reuters, Trump posted on his Twitter account that the trade discussions with his Chinese counterpart were, in his own words, moving along nicely and that they had a very good conversation over the phone.
He further revealed his plans to meet Xi on the sidelines of G20 leaders summit later this month. He added in his profile that they also had discussed on the issues concerning North Korea.
Xi, on his part, told the Chinese media of his hope for Beijing and Washington to establish a steady and healthy political and economic relation.
According to China's head of state, it is imperative for the two nations to strengthen contact and conduct consultations regarding the China-US trade issue, whereby they can work to promote a plan to assuage the international economic situation in acceptable terms.
Xi went on to confirm his willingness to meet with Trump in Argentina as part of the continuing efforts to expand bilateral trade cooperation between the two parties.
Despite these promising turn of events, none of the leaders offered to specify specific details on the potential progress drawn out from their discussion.
As CNBC pointed out, it is not yet clear how much ground the talk has covered towards a possible impasse on the tariff implementations coming from both sides.
It is known that negotiations between the two admins have recently been stalled in the midst of Washington's latest tirade concerning intellectual property theft allegedly committed by Chinese companies.
China, on its part, has made it clear that it won't yield to the demands of the Western nation even if it means facing more threats of tariffs on its exports.
The Asian powerhouse, in its strongest statement yet ever made, said that the United States and the West should never underestimate the steely resolve of the Chinese people.
Washington recently imposed tariffs on $250 billion worth of Chinese imports, with the rate of duties starting off at 10 percent and will increase to 25 percent before 2019.
In the same manner, China responded with retaliatory tariffs on more than a hundred billion dollars worth of US goods heading to its ports.
