China to re-start trade talks with U.S

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The U.S. President, Donald Trump said on Monday he believed China wanted to make a trade deal after contacting U.S. trade officials overnight to say it wanted to return to the negotiating table.

China’s negotiators in the U.S. said Beijing was willing to resolve its trade dispute with the United States through “calm negotiations” and resolutely opposed the escalation of the conflict.

Speaking on the sidelines of a G7 summit in Biarritz, Trump hailed Chinese President Xi Jinping as a great leader and said the prospect of talks was a very positive development for the world.

“China called last night our top trade people and said, ‘let’s get back to the table’, so we’ll be getting back to the table, and I think they want to do something,” Trump said on the sidelines of the G7 meeting.

“Negotiations would start very soon and I think we are going to have a deal,” President Trump added.

It would be recalled that trade tensions escalated on Friday, with both sides leveling more tariffs on each other’s exports.

Peace PIAK