US President Donald Trump will have a trilateral meeting with Prime Minister Narendra Modi and Japanese Prime Minister Shinzo Abe on the sidelines of the G20 summit in Buenos Aires on November 30 and December 1, the White House said on Tuesday.
If negotiations were unsuccessful, Mr Trump said he would also move ahead with plans to target additional Chinese goods with tariffs.
"The Coming Collapse of China" author Gordon Chang discusses the trade dispute between the United States and China.
US President Donald Trump says he is likely to go ahead with an increase on tariffs now imposed on Chinese goods at the start of 2019. Trump has also foreshadowed imposing tariffs on the remaining US$267 billion of China's exports to the US.
Despite the "good possibility" that Trump and Xi would make a deal during the G20 meeting in Buenos Aires, Argentina, Kudlow said a resolution was contingent of a number of factors, among them a commitment from China to resolve issues of forced technology transfer, tariff and non-tariff barriers, and intellectual property theft.
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Hugo Erken, senior economist at the bank, said: "An ongoing trade war between the world's two largest economies has much broader ramifications that transcend their own borders ... in a globalised economy, there are no real winners from such policies".
Official Chinese statistics are often inflated, but even those show a slowing of the economy. "But we're going to make a deal with China that's going to be representative of the United States the way it used to be". Since then, communications have picked up between the two sides, said Kudlow. "We have an opportunity to extend that optimism, break some new ground", Kudlow said. "Once the chain is broken, the United States would be affected too".
Three days before a U.S.
The trade war had "harmed businesses, farmers, consumers, workers, and families worldwide", the statement said, appealing to Trump and Xi to "meet the challenge of global leadership".
When asked whether Trump would meet with the embattled Saudi Crown Prince Mohammed Bin Salman, Bolton responded that Trump's schedule is "full to overflowing at this point".