President Trump says his discussions with his Chinese counterpart are moving along "nicely" ahead of their planned meeting at the G-20 in Buenos Aires at the end of the month.
China and the United States should work together to get their relations back on track, China's premier said in Beijing on Thursday, ahead of the USA midterm elections and a possible meeting between presidents Xi Jinping and Donald Trump.
The telephone conversation on Thursday was Trump and Xi's first publicly disclosed call in six months. He said further meetings with Xi are being scheduled for the G-20 summit of the world's biggest economies, set for November 30 in Buenos Aires, the first ever such summit in South America.
"I hope that China and the US will meet each other halfway and will appropriately handle their differences with mutual respect and equal cooperation", stated the Chinese premier.
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However, "policy talks" will determine whether he imposes additional duties, "not an arbitrary timeline", said Kudlow, who served as the Trump campaign's senior economic adviser.
Afterward, Trump described the conversation as "long and very good" and said in a tweet that their discussions on trade were "moving along nicely".
"Positive comments from President Trump over US-China trade tension are cheering the market in the short term", said Tai Hui, chief market strategist for Asia Pacific at JP Morgan Asset Management.
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According to a report by state broadcaster CCTV, Li said China and the U.S. had benefited from cooperation, and that they should respect each other's core interests and concerns.
Xi said Thursday after speaking with Trump that he hopes China and the United States will be able to promote a steady and healthy relationship, Chinese state media reported.
Trump said he and Xi also had "a good discussion on North Korea".
China and the United States are locked in an increasingly bitter trade war, and both countries have already placed tariffs on some of each others' imports.
Alexander said he would be discussing trade with Li, though neither of them mentioned the ongoing tariff war in remarks in front of reporters.
Trump said the two countries have a chance to make a fair deal.
'We're going way up, and China has been hurt over the last number of months.
The United States has already imposed tariffs on $250 billion worth of Chinese goods, with duties on $200 billion of the total set to increase to 25 percent from 10 percent on January 1, 2019. And they're having a hard time, and they'll be fine, ' Trump said Wednesday. I think we have a long way to go.