President Donald Trump on Monday said he still expects to talk with his Chinese counterpart Xi Jinping at the upcoming G20 summit, warning he will impose new tariffs if there is no meeting.
"Yes it would," Trump told CNBC television when asked if a failure by Xi to come to the summit later this month in Japan would lead to the huge new tariffs kicking in.
But Trump said the meeting was "scheduled" and "I think he will go." "I would be surprised if he didn't go," Trump added. "I think he's going, I havent heard that he's not.
We're expected to meet." A Chinese foreign ministry spokesman, meanwhile, said last month that he had "no information at present" on Trump-Xi talks.
Trump has been trying to strongarm China into a major change on trade policies that the president argues have for decades put the United States at an unfair disadvantage.
The two biggest economies in the world seemed to be close to striking a bargain until talks stalled last month. Washington says that Beijing walked away at the last minute, while the Chinese side has signalled it is increasingly prepared for a long fight.
Trump has already imposed 25 percent duties on $200 billion of Chinese imports. China has responded with punitive tariffs on $60 billion in US goods.
Trump says he is ready to slap tariffs on a further $300 billion in Chinese imports if no breakthrough is achieved.
The G20 summit will take place in Osaka on June 28-29.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
