Donald Trump recently said that trade talks with China have already begun and he is quite positive about it. Recently President trump and Chinese president Xi Jinping met together at G-20 summit and discussed the ongoing geopolitical situation. After having a good meeting, both countries officials have agreed to start a trade talks to resolve this matter. Trade talks between both countries have already begun, and there is hope that this time, the issue might get resolved.
At g-20 summit, both countries officials have come together also they have shared the possible ways through which this matter might get resolved. Trump had always been skeptical about China’s intentions because he thinks they are violating many rules by copying US-based companies trade secrets. During this trade war, the US government put a considerable ban Huawei, which is now taking a toll on Chinese economy. However, the Asian country has also adopted the same technique and put restrictions on US-based companies to answer, and now both countries want to end this trade war officially.
Trump said that this trade talk between both countries is going to happen only if the US gets a good deal in their favor. From the starting, Trump wanted a trade deal which is going to be in favor of the USA, and because of that, there were many occasions where both countries officials ended the trade talks with no agreement. However, this time, it seems like China might agree with the terms of US because this trade deal is more important to China. At G-20 summit both presidents talked about not imposing further tariffs on imported goods of each country, and that’s very important. Currently, the tech, manufacturing, and retail industries are suffering the most of both countries also this new trade deal might be suitable for everyone.