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Trump says he and China's Xi will have & # 39; extended meeting next week & # 39; on the G-20



Chinese President Xi Jinping (L) holds a large ceremony to welcome US President Donald Trump outside the People's Great Hall in Beijing on November 9, 2017.

Lan Hongguang | Xinhua News Agency | Getty Images

President Donald Trump said on Tuesday that he and Chinese President Xi Jinping "will have an extended meeting next week at the G20 in Japan."

In a tweet, Trump said he and Xi "had a very good phone call" and that "our respective team will begin conversations prior to our meeting."

China had been oblivious to whether Xi would accept a face to face meeting with the US president at the summit, scheduled for June 28-29 in Osaka, while the two economic superpowers remain locked in a heated trade conflict.

Trump has said he expected to meet up at the high-profile summit, but had recently downgraded the impact it could have forging a trade deal with Beijing. Trump told Fox News "Fox & Friends" last week that "it doesn't matter" if Xi joins G-20 or not.

"If he turns out, good if he doesn't ̵

1; in the meantime, we take billions of dollars a month [in tariffs] from China," said Trump Fox.

The Chinese Embassy in Washington did not immediately respond to CNBC's request to comment on Trump's tweet.

Trump and China have excavated hundreds of billions of dollars of imports of each other's goods. In May, Trump raised $ 200 billion in Chinese import duties and threatened to release another $ 300 billion in duties after the month's negotiations.

Trump told CNBC last week that he would immediately impose an additional $ 300 billion in tariffs if Xi did not attend the G20 summit.

Current and former Trump administration officials and trade advisors have warned that a potential meeting with Xi will not provide a trade agreement alone, but could help eliminate the path to an agreement.

Trump's tweet came shortly before the US trade representative was scheduled to testify to the Senate's Finance Committee on the President's 2019 Trade Policy Agenda. Lighthizer is expected to focus mainly on the trilateral trade agreement to replace NAFTA, called the United States Mexico Canada Agreement or the USMCA, which has been agreed by the three Allied nations, but has not yet implemented the Congress.

But Lighthizer is probably asked how the Trump administration's next step in the negotiations with China where the Democrats and some Republicans have severely criticized the President's use of tariffs.

This is breaking news. Please check back for updates.

– CNBCs Tucker Higgins contributed to this report.


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