US President Donald Trump and China's Xi Jinping said Tuesday June 18th they will meet next week at the Group of 20 summit in Japan, raising hopes for a truce in an increasingly damaging trade war between the world's top two economies.
Trump said they had a "good" conversation, while Xi said the countries have more to gain by cooperating than by engaging in a protracted battle, according to AFP.
The comments set a more upbeat tone for the talks after worsening tensions created fears over whether the two economic powers would be able to resolve their differences after exchanging steep tariffs on exports worth hundreds of billions of dollars.
"Had a very good telephone conversation with President Xi of China. We will be having an extended meeting next week at the G-20 in Japan," Trump said on Twitter.
"Our respective teams will begin talks prior to our meeting." Xi was also relatively upbeat.
"In recent times, China-US relations have encountered some difficulties, which is not in the interest of either side. China and the US will both gain by cooperating, and lose by fighting," Xi told Trump, according to a readout by Chinese state broadcaster CCTV.