Economics

Trump and Xi to Meet for Dinner Saturday in Pivotal Moment for Trade War

  • Meeting at G20 in Buenos Aires could be pivotal for trade war
  • Trump sees ‘good possibility’ of a deal, Kudlow says
White House economic adviser Kudlow says President Trump sees “a good possibility a deal can be made” with China.(Source: Bloomberg)
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President Donald Trump and China’s Xi Jinping will meet over dinner Saturday evening in Buenos Aires marking a pivotal moment in the escalating trade war between the world’s two largest economies.

Trump is hopeful for a breakthrough with Xi but is ready to impose more tariffs if the upcoming talks don’t yield progress, Larry Kudlow, Trump’s top economic adviser, told reporters Tuesday during a briefing ahead of the Group of 20 meeting in Argentina.