Connect with us

Hi, what are you looking for?

Global Markets ReviewGlobal Markets Review

Editor's Pick

Trump, Xi meet in effort to resolve trade tensions sparked by US tariffs

U.S. President Donald Trump met face-to-face with Chinese leader Xi Jinping on Thursday, the final day of Trump’s trip to Asia that included stops in Malaysia, Japan and South Korea, in an attempt to resolve the ongoing trade disputes between the two sides.

Trump has imposed substantial tariffs on China since returning to the White House in January, and Beijing retaliated with limits on exports of rare earth elements. Both sides want to avoid the risk of blowing up the world economy, which would harm their own countries.

The leaders of the world’s two largest economies spoke to the press in brief introductory remarks before meeting behind closed doors along with their top officials.

Xi said in his opening remarks that ‘it feels very warm seeing you again because it’s been many years.’

‘We do not always see eye to eye with each other,’ Xi said, noting that ‘it is normal for the two leading economies of the world to have frictions now and then.’

The Chinese leader added that the two countries ‘are fully able to help each other succeed and prosper together.’

The Associated Press contributed to this report.

This is a developing story. Check back for updates.

This post appeared first on FOX NEWS

You May Also Like

Editor's Pick

Vice President JD Vance spoke at length during a large Turning Point USA gathering at the University of Mississippi (Ole Miss) in honor of...

Editor's Pick

President Donald Trump’s announcement that the United States will resume nuclear weapons testing for the first time in more than three decades has sent...

Stock

Here are some charts that reflect our areas of focus this week at XLU Leads with New High Even though the Utilities SPDR (XLU)...

Business

President Donald Trump’s tariffs are hitting toy giants Mattel and Hasbro as the critical holiday season nears. Still, both companies see a successful year...