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Donald Trump and Xi Jinping will discuss the end of the trade war at the G20 summit

US-China summit

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The US President Donald Trump and his Chinese counterpart Xi Jinping plan to talk at the G20 summit in Argentina at the end of next month.

The White House is moving ahead with plans for the US president to meet with Chinese leader Xi Jinping during a multilateral meeting in late November, according to representatives of the both countries.

They will discuss how to end the trade tension, which shocked the markets and worsened the relationship between the two largest economies.

The White House Economic Adviser Larry Kudlow told that a meeting between the two leaders of the G20 forum in Buenos Aires is being discussed. According to him, the talks or topics that will be affected are not definitively fixed.

In recent months, Washington, on the initiative of Donald Trump, has taken a number of protectionist measures to change the balance of international trade in its favor. In March, the US introduced customs duties on steel (25%) and aluminum (10%). In the summer, Washington imposed a 25% duty on Chinese goods worth 50 billion USD. Beijing responded reciprocally. Last month, the US imposed a new 10% tariffs on Chinese imports with annual turnover 200 billion USD.

China responded with a customs duty of between 5 and 10% for US imports worth 60 billion USD.