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Trump, Xi Signal Readiness for Trade Talks Ahead of G-20 Meeting

  • Trump says he is ‘very prepared’ for talks with Chinese leader
  • China says trade teams ‘in close touch’ ahead of summit
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Goldman Sachs’s Kamakshya Trivedi examines trade tensions between the U.S. and China ahead of the G-20 summit.Source: Bloomberg
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U.S. President Donald Trump and Chinese leader Xi Jinping have indicated they’re both ready for a highly anticipated meeting at the Group of 20 summit in Argentina next week.

The world’s biggest economies have been engaged in an escalating trade war that is starting to have a greater impact on financial markets and global growth. On Thursday, Trump told reporters that China wants to make a deal “very badly” after his administration placed tariffs on on about $200 billion worth of Chinese goods.