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Trump, Xi Seek to Restart Trade Talks at Japan G-20; Stocks Jump

  • U.S. president spoke with Chinese leader ahead of summit
  • Stocks rose on optimism of trade deal after monthlong impasse
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Trump, Xi Seek to Restart Trade Talks at G-20 in Japan
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The U.S. and China said their presidents will meet in Japan next week to relaunch trade talks after a month-long stalemate, triggering a rally in financial markets.

President Donald Trump said Tuesday that he had a “very good” phone conversation with Chinese counterpart Xi Jinping. The two leaders will hold an “extended meeting” at the G-20 summit on June 28-29 in Osaka and “our respective teams will begin talks prior to our meeting,” Trump said on Twitter. The U.S. president had repeatedly threatened more tariffs if Xi spurned the opportunity to talk.