You are here: Home » PTI Stories » National » News
Business Standard

Xi says China, US want 'stable progress' on ties in Trump call


AFP  |  Beijing 

The leaders of both the United States and China want "stable progress" in ties, Chinese President Xi Jinping said during a phone call on Saturday with his American counterpart Donald Trump.

The Xinhua agency quoted Xi as saying China and the US are working to implement the terms of the trade war truce reached between the two leaders earlier this month.

During the call, Xi expressed the hope that "both teams can meet each other halfway and reach an agreement beneficial to both countries and the world as early as possible", according to Xinhua.

Washington and Beijing have imposed tit-for-tat tariffs on more than $300 billion worth of goods, and the bruising trade conflict has spooked markets worldwide.

Relations between the world's top two economies are "now in a vital stage", Xinhua quoted Xi as saying during the Trump call.

"China attaches great importance to the development of bilateral relations and appreciates the willingness of the US side to develop cooperative and constructive bilateral relations," Xi said, according to Xinhua.

Tensions have eased since Trump and Xi met on the sidelines of the G20 summit in Argentina and agreed to a 90-day truce as they try to negotiate an end to the trade war.

Signs of progress since that meeting include the absence of new threats from Trump.

And China's customs administration announced Friday it had approved US rice imports, after its major state-owned grain stockpiler said it had resumed buying US soybeans.

Beijing also announced it would suspend extra tariffs added to US-made cars and auto parts starting January 1.

China is also targeting intellectual property theft in the country -- one of the main sticking points in the dispute with the US.

Trump initiated the trade war because of complaints over unfair Chinese trade practices -- concerns shared by the European Union, Japan and others.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, December 30 2018. 00:00 IST