Beijing mum on Trump-Xi meeting at G20 summit

Trump Says He'll Raise Tariffs on China Again If Xi Skips G-20

In a futile effort to compensate for China's losses by developing economic ties with new global partners, Chinese leader Xi Jinping recently met with Russian President Vladimir Putin.

"We are scheduled to talk and to meet". "I think he's going, I haven't heard that he's not".

He has claimed that the country agreed to purchase large amounts of USA agricultural products as part of the agreement, but Mexican officials say there is no such provision.

Chinese tech giant Huawei said Tuesday it would have become the world's number one smartphone maker by year's end if it were not for "unexpected" circumstances - a hint that pressure from the United States may be hurting its sales.

"Everyone's trying to get our money - China - and the China deal's going to work out, you know why?"

Almost a year after Trump began imposing the higher tariffs to ramp up pressure on Beijing, hopes are focused on a possible top-level compromise to break a stalemate in talks that were suspended last month.

The action was part of a broader trade dispute between China and the USA, which has accused Chinese technology companies such as Huawei of stealing trade secrets and threatening cybersecurity. Those agreements, however, are only papering over the cracks - China is facing monumental economic challenges, and is utterly unable to compete with the booming US economy or cope with 25 percent tariffs on $250 billion worth of their exports into the vast consumer markets of America. "If the U.S. is willing to negotiate on an equal footing, our doors are always open".

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The United States is seeking sweeping changes, including an end to forced technology transfers and theft of USA trade secrets.

China reported on Monday its exports unexpectedly grew 1.1% in May from a year ago despite the higher USA tariffs, but imports fell the most in almost three years. "I think he'll go", Trump said in a phone interview with CNBC Monday.

On June 9, U.S. Treasury Secretary Steven Mnuchin told CNBC at the end of the G20 Finance Ministers and Central Bank Governors Meeting in Fukuoka, Japan, that if no progress is made on the stalled trade talks, the president would not hesitate to enact further tariffs.

The U.S. Trade Representative office has launched the process to impose the huge new duties, with a hearing scheduled for June 17 - but Trump has said he has yet to decide whether he will ultimately impose the levies.

Chinese authorities say the United States is exaggerating security concerns to block a potential competitor.

Trump has imposed 25 per cent tariffs on $250 billion worth of Chinese exports and is preparing to expand them to cover another $300 billion.

"Had a Democrat gotten in., China would have caught us", he said.

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