Trump 'comfortable with any outcome' from pivotal Xi talks: official

Published 06/24/2019, 09:50 PM
© Reuters. U.S. President Donald Trump and Chinese President Xi Jinping meet after the G20 in Buenos Aires

By Roberta Rampton

WASHINGTON (Reuters) - U.S. President Donald Trump views this week's meeting with Chinese President Xi Jinping as a chance to see where Beijing stands on the two countries' trade war, and is "comfortable with any outcome" from the talks, a senior U.S. official said on Monday.

The much-anticipated meeting at the G20 summit in Japan will be the first face-to-face meeting for the leaders since trade talks broke off in May, leading to a hike in U.S. tariffs on imports of Chinese goods.

The United States and China have waged an 11-month trade war marked by tit-for-tat tariffs on hundreds of billions of dollars of each others’ goods, roiling financial markets, disrupting supply chains and crimping global economic growth prospects.

The senior administration official, speaking to reporters on condition of anonymity, declined to give details about plans for the meeting, other than to say it would likely happen on the second day of the Friday-Saturday summit in Osaka.

"It's really just an opportunity for the president to maintain his engagement as he has very closely with his Chinese counterpart. Even as trade frictions persist, he's got the opportunity to see where the Chinese side is since the talks last left off," the official said.

"The president is quite comfortable with any outcome," the official added.

The Trump administration has accused China of failing to protect intellectual property, forcing U.S. companies to transfer technology to Chinese partners and failing to provide a level playing field for U.S. companies.

Talks between the United States and China broke down in May after the U.S. side accused China of backing away from previously agreed commitments.

The senior administration official declined to say whether the meeting was seen as a chance to restart talks or achieve a more formal agreement.

"The president has been quite clear that he needs to see structural real reform in China across a number of issues and a number of sectors, and nothing about that has changed," a second official said.

"The fact that talks broke down in May hasn't changed that as the ultimate goal," the official said.

AT LEAST EIGHT BILATERALS

Trump, who is known for preferring one-on-one meetings to multilateral talks, will meet separately with at least eight world leaders while he is at the summit, the first official said.

He plans to meet Russian President Vladimir Putin, Saudi Crown Prince Mohammed bin Salman and Turkish President Tayyip Erdogan, the official said, declining to give details of the dates and times because Trump's schedule was still in flux.

Trump will also meet with German Chancellor Angela Merkel, Indian Prime Minister Narendra Modi, Australian Prime Minister Scott Morrison and Japanese Prime Minister Shinzo Abe, who is hosting the summit, the official told reporters on a conference call, noting additional bilateral meetings could still be announced.

© Reuters. U.S. President Donald Trump and Chinese President Xi Jinping meet after the G20 in Buenos Aires

Trump wants to talk to partners and allies to get their support for his Iran sanctions program and to talk about how to encourage Iran to enter into diplomatic negotiations after Tehran shot down an unmanned American drone last week, a third official said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.