Trump and Xi to meet after defiant China hits US with new tariffs

File: China's President Xi Jinping and U.S. President Donald Trump address business leaders at the Great Hall of the People in Beijing, China November 9, 2017.WASHINGTON / BEIJING - US President Donald Trump said on Monday he would meet Chinese President Xi Jinping next month as the trade war between the world's two largest economies intensified, sending shivers through global markets.

A gauge of global stocks shed a further 1.9% on Monday, its biggest one-day drop in more than five months. China's yuan currency fell to its lowest level since December and oil futures slumped. "Both countries' negotiating teams have the ability and wisdom to resolve each other's reasonable demands, and in the end reach a mutually beneficial, win-win agreement," he said.The comment period on the planned new tranche of US duties - which covers 3,805 product categories - is much shorter than in previous rounds and could potentially leave Trump in a position to trigger those tariffs by the time he meets Xi.

"China's adjustment on additional tariffs is a response to US unilateralism and protectionism," its finance ministry said."China hopes the US will get back to the right track of bilateral trade and economic consultations and meet with China halfway."

I wish South Africa was as brave as China ,oh I forget China loves itself and its citizens more than always begging for good relations with other countries mxm

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