US President Donald Trump and Chinese President Xi Jinping in Beijing on Nov 8, 2017.
Trump’s tweet set a more upbeat tone for his talks with Xi after worsening tensions creates fears over whether the world’s top two economies would be able to resolve their differences and end an increasingly damaging trade war. Trump’s tweet sparked a rally on Wall Street, where the multi-front trade battles have repeatedly rankled investors worried about dented corporate profits and disruption to one of the major axes of global trade.
Trump last week threatened to “immediately” jack up tariffs should Xi fail to show at the meeting. The US already has 25% duties on more than US$250 billion of imports from China.
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