On 1st November, the US President Donald Trump and Chinese President Xi Jinping conveyed their expectation about solving the bitter trade controversy just before the risky meeting that has been planned between the two leaders at the end of November in Argentina.
Within hours of the positive consideration, the US Justice Department targeted another Chinese firm and charged it for following unfair practices; being a part of the across-the board pressure movement carried by the Trump administration aiming Beijing.
Trump tweeted that the trade talks with China were progressing nicely and that he plans to meet Xi on the sidelines of the G20 leaders’ summit; since the two leaders had a good telephonic conversation. Later people having knowledge about the matter reported that Trump wants to reach a trade accord with China during the G20 meeting. He even commended his offices to come up with promising terms.
Although, it wasn’t clear whether Trump was going to change his opinion on the demands that were opposes by Beijing. However, intellectual property theft would remain the focus of the deal.
Xia later informed reporters that he expects the US and China would be able to advocate a healthy and steady relationship. He stated that he was eager to meet Trump in Argentina. He even hoped to strengthen trade coordination with the US.
None of the leaders divulged any details about the advancements made during their first direct talks. However, officials from Trump administration sated that the trade talks with China can’t restart till Beijing comes up with definite actions in order to meet the US demands of changing policies for industrial subsidies, technology transfer, and market access.
Chinese Premier Li Keqiang informed a group of visiting US politicians that the US and China can conquer their differences provided both nations agree to work together in spirit of mutual appreciation.
Just after the news of Trump Xi call was announces, the Justice Department declared the latest lists of actions taken by the US against China’s intellectual property theft, rules affecting US corporations in China, and biased corporate subsidies.