President Trump might visit China before going to the Asia-Pacific Economic Cooperation summit between Oct. 30 and Nov. 1, or he could meet Chinese President Xi Jinping on the sidelines of the APEC event in South Korea, the South China Morning Post reported on Sunday, citing multiple sources.
The two countries have been trying to negotiate an end to an escalating tit-for-tat tariff war that has upended global trade and supply chains.
The two sides have discussed a potential meeting between the leaders in the region this year, but they have not confirmed a date or location yet, according to a person familiar with the matter.
Trump has sought to impose tariffs on US importers for virtually all foreign goods, which he says will stimulate domestic manufacturing and which critics say will make many consumer goods more expensive for Americans.
He has called for a universal base tariff rate of 10% on goods imported from all countries, with higher rates for imports from the most “problematic” ones, including China: imports from there now have the highest tariff rate of 55%.
Trump has set a deadline of Aug. 12 for the US and China to reach a durable tariffs agreement.
A spokesperson for Trump did not respond to a request for comment about the reported plans for a meeting with Xi in the autumn.
The two countries’ most recent high-level meeting was on July 11, when Secretary of State Marco Rubio and Chinese Foreign Minister Wang Yi had what both described as a productive and positive meeting in Malaysia about how trade negotiations should proceed.
Rubio said then that Trump had been invited to China to meet with Xi, and said that both leaders “want it to happen.”
On Friday, China Commerce Minister Wang Wentao said China wants to bring its trade ties with the US back to a stable footing and that recent talks in Europe showed there was no need for a tariff war.
Credit: Source link
