Leaders of the Group of 20 nations, comprising 19 of the world's largest developed and developing countries and the European Union, are meeting in Osaka, Japan [Kim Kyung-Hoon/Pool/Reuters]

G20 Summit 2019: Trump says no tariff reprieve for China, expects productive talks with Xi

The Annual meeting of the group of 20 nations, made up of 19 nations and European Union, is going on in Osaka, Japan. The two days meeting, on June 28-29, has the ongoing trade war between China and the United States at the top of the agendas.

Having the primary aim of promoting international financial stability, the G20, an international leaders’ forum represents more than 80% of the world’s output and two-thirds of its people.

Trade War between China and the United States

U.S. President Donald Trump on Friday said he had not promised Chinese President Xi Jinping a reprieve from escalating tariffs in a trade war that is casting a shadow on global growth, but felt their talks planned for the next day would be productive.

Beijing, for its part, said it hoped Washington would meet halfway to settle a bitter trade feud that, along with signs of a global slowdown, has loomed over a two-day Group of 20 summit that began in Japan’s western city of Osaka.

China and the United States are locked in a trade dispute and expectations have dimmed that Trump and Xi can ease tension when they meet on the sidelines of the meeting.

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