Published: Sat, June 29, 2019
Markets | By Otis Pena

President Trump optimistic about meeting with Chinese president at G20 summit

President Trump optimistic about meeting with Chinese president at G20 summit

Trump, set to hold a high-profile meeting on trade with Chinese President Xi Jinping on Saturday, also made a push to discuss United States concerns about Chinese telecoms equipment maker Huawei at his meetings.

Trump's tweet came hours after US Secretary of State Mike Pompeo left New Delhi after meeting Modi.

In early trade, MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.02%, following on from modest gains in global equity markets overnight.

Mr Morrison impressed on Mr Trump the importance of resolving the United States trade dispute with China. And we even help our allies militarily.

According to the White House, Trump and Xi are scheduled to meet for 90 minutes at the G20, a gathering of 19 nations and the European Union.

The US-China trade war has cast a shadow over the G20, where world leaders have expressed repeated concern over the effect the dispute is having on global economic performance.

Economic data on Friday showed USA consumer spending increased moderately in May and prices rose slightly, pointing to slowing economic growth and benign inflation pressures, which could give the Federal Reserve enough leeway to cut interest rates in July.

"And ultimately, it will work out", Trump said on the eve of the talks, adding however that he had given Xi no promises that he would hold off on imposing tariffs.

He tweeted that tariffs imposed by India were "unacceptable", described Vietnam as the "single worst abuser" on trade, lashed Germany as "delinquent" and mocked Japan, which has been under a USA military umbrella since World War II.

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Mr Morrison, who will meet up with Mr Trump in Osaka, backed the posters in 2014, describing them as part of a "targeted campaign".

"I appreciate the fact that you're sending many automobile companies into MI and OH and Pennsylvania and North Carolina", referring to USA states critical to his effort to win re-election next year.

Tokyo and Washington are engaged in hard trade talks as Trump's administration seeks to lower the USA trade deficit.

Abe called his frequent meetings with Trump "proof of the strong U.S. -Japan alliance", days after the U.S. leader renewed his criticism of the U.S. -Japan security treaty as unbalanced.

Trump renewed his criticism of the US-Japan security alliance this week as unbalanced.

"We hope the USA side could drop its wrong practices, and we can solve the problems through equal dialogue and cooperation", Gao said.

"If Japan is attacked, we will fight World War III. They can watch it on a Sony television". The relationship is very good with China.

Negotiators have not met since then, and USA and Chinese sources briefed on the state of talks have told Reuters the best-case scenario for the Xi-Trump meeting is to resume negotiations, leaving the two sides still far from an agreement.

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