Economics
Prospects for Trump-Xi Deal Fade Even With G-20 Meeting Confirmed
- Best hope, analysts say, is for pause on next wave of tariffs
- Chinese policy makers hunker down for a protracted battle
Photographer: Nicolas Asfouri/AFP via Getty Images
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Expectations for a one-on-one meeting between President Donald Trump and China’s Xi Jinping are already being lowered with officials from both sides increasingly pessimistic about prospects for a resolution to their deepening trade war.
Larry Kudlow, the head of Trump’s National Economic Council, on Tuesday confirmed that the two presidents would meet “for a bit” on the sidelines of the Group of 20 summit in Buenos Aires on Nov. 30-Dec. 1. The hope, Kudlow said, was that “the two presidents agree on some basic principles,” though he warned that he wouldn’t predict that.