China, US presidents wrap up talks on trade, tariffs

China, US presidents wrap up talks on trade, tariffs

Talks on trade and tariffs between Chinese President Xi Jinping and U.S. President Donald Trump in Busan, South Korea, have concluded.

The meeting lasted for one hour and forty minutes, Caliber.Az reports, citing foreign media.

Before the meeting, President Xi said China-US trade and economic teams have reached a basic consensus on resolving the main issues of concern and achieved encouraging progress.

China and the United States should be partners and friends because reality demands it, he added.

Donald Trump, ahead of the meeting, expressed high expectations for his meeting with Xi Jinping. The two countries are effectively in a state of trade war. The U.S. president said that if the meeting produced the desired outcome, he would consider reducing the additional tariffs he had previously imposed on imports from China. Trump justified those tariffs by citing China’s alleged role in supplying components used in large-scale fentanyl smuggling into the United States.

By Khagan Isayev

Source: caliber.az