Trump-Xi Meeting Concludes with Optimism on Trade Deal
In a pivotal discussion that could redefine global trade, U.S. President Donald Trump and Chinese President Xi Jinping wrapped up their high-stakes meeting at the G20 summit in Osaka, Japan, on Saturday. Both leaders expressed optimism, with Trump hinting that a trade deal between the world’s two largest economies might be finalized as early as today.
Key Outcomes from Trump-Xi Talks
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Trade War Truce: The U.S. and China agreed to resume stalled trade negotiations, with Washington postponing new tariffs on $300 billion worth of Chinese goods.
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Huawei Partial Reprieve: U.S. firms can resume limited sales to Huawei, though the company remains on the U.S. Entity List.
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Boost for U.S. Farmers & Industry: China pledged to buy more American agricultural and industrial products, addressing a major U.S. demand.
Market Rally Amid Cautious Optimism
Global markets surged on news of the truce, with Asian stocks and U.S. futures climbing. However, analysts warn that deep-rooted issues like intellectual property disputes and China’s state subsidies remain unresolved.
Political Reactions
- U.S. Critics: Some lawmakers opposed Trump’s Huawei concession, calling it a security risk.
- China’s Stance: State media framed the talks as a diplomatic win, avoiding further tariffs.
What’s Next?
Negotiations will restart, but hurdles remain. Businesses and investors welcome the pause, but a long-term solution is still uncertain.
Live Updates Recap
- 11:30 AM (IST): Meeting ends; Trump and Xi appear positive.
- 11:45 AM: Tariffs delayed, Huawei restrictions eased.
- 12:00 PM: Markets rise on trade war de-escalation.
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